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**Legendary Hedge Fund Manager Slams Bitcoin**
In a shocking statement, a renowned hedge fund manager has publicly lambasted the world’s most popular cryptocurrency, Bitcoin (BTC). This comes as a surprise to many in the crypto community, considering the manager’s reputation and influence.
The unnamed manager, known for their sharp insight and unflinching honesty, took aim at the largest cryptocurrency by market capitalization. According to sources close to U.Today, the manager believes that Bitcoin has become a speculative bubble, driven by hype and speculation rather than fundamental value.
“We’re dealing with a Ponzi scheme on steroids,” the manager allegedly said during an off-the-record meeting with investors. “Bitcoin is not a store of value; it’s a get-rich-quick scheme for speculators.”
This bold statement is likely to send shockwaves through the crypto space, as many prominent figures in the industry have been touting Bitcoin as a safe-haven asset and a long-term investment opportunity.
The manager’s criticism goes beyond just labeling Bitcoin as a bubble. They went on to emphasize that the majority of investors are unaware of the underlying mechanics of the cryptocurrency market and are simply following the herd, hoping to get rich by riding the wave of speculation.
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Source: u.today
