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Bitcoin ‘Worthless’ & Will Perform Worse Than Stocks In The Coming Months: Capital Economics | CNBC



“Bitcoin’s correlation with equity prices has strengthened recently, but we think that this will be just temporary. We still think that bitcoin is essentially worthless,” Capital Economics said.
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Bitcoin ‘Worthless’ & Will Perform Worse Than Stocks In The Coming Months: Capital Economics | CNBC

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Written by frances

Lawyer, Believer, Idea Agent, Database Wrangler, Human Casserole. I want to see your peacock.

30 Comments

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  1. u watch ,stocks will underperform and burn peoples money to with all the money printing and buy bitcoin and only physical gold ,stay away from these vulture fund managers

  2. What are they basing these predictions on? Who would have ever predicted that BTC could have reached the level is at now? Predicting a price in crypto is like someone winning the lottery. Imo it's hear to stay and blockchain is the future of the internet!

  3. When the lightening network take full force, those guys will have to edit this videos. Just watch. Bitcoin is takes hits a lot but it will always come stronger and better

  4. So when do the elite buy? Buy when blood in the streets; buy when others panic. Thanks for inducing the panic CNBC; great time to buy!

  5. It takes over 4000 dollars of energy plus mining equipment to make 1 bitcoin and there is only 17 million total bitcoins ever..So how is that worthless? Just because the Banks are attacking it doesn't mean it is worthless , Sounds like it is more like a Swiss Bank Account the Feds are threatened by.  I will buy your bitcoin.. I believe in it. What I think is they are driving the price low so banks can buy it for cheap. Nah I am just going to hold it for a few years thanks!

  6. Ahhh the old “Lets scare people away so we can have the whole cake” tatic. Lol HODL. They ain’t fooling us strong minds.

  7. Bitcoin won't become worthless, it will just go down to 50¢ per coin just like the good old days, that's all!

  8. Never forget. These are the same people who told you that Bitcoin was dead in 2013. Think about the missed opportunity of so many because they believed the Fake News Media. Don’t believe them! Do your own research.

  9. "This 'telephone' has too many shortcomings to be seriously considered as a means of communication." — William Orton, President of Western Union,1876

    "I wouldn't touch Amazon stock with a 10 foot rod!" – Warren Buffet, 2005

    "Everyone's always asking me when Apple will come out with a cell phone. My answer is, 'Probably never.'" — David Pogue, The New York Times, 2006

    "The internet? Bah! another hype that soon will be forgotten" – Newsweek, 1997"

    Google is an algorithm written by geeks, where is the business in that?" Warren Buffet, again.

  10. you don't see a name, face, or even a voice to go along with this paid scare tactic. nobody wants to take the heat for being dead wrong.

  11. Please tell me again what value is behind the US dollar if that's the case the US dollar is in the Same situation.

  12. Who's worthless now? I'm certainly enjoying my 34% profit in 1 day
    LOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOL
    "Be fearful when others are greedy, be greedy when others are fearful"

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