Adds to earlier comments on crypto
Earlier he said:
- crypto currencies are not real currencies because they have no intrinsic value.
- Cryptocurrencies are great if you are trying to hide money
- There are investor and consumer protection issues with regard to crypto
- He added: "Relatively unsophisticated investors see the asset go up in price, and they think: 'This is great; I'll buy this'. In fact there is no promise of that."
Bitcoin on Coinbase is trading at $7440, up $125. The 100 day MA is at $7608.82.
