Thursday, July 13, 2017

Dennis Gartman slams cryptocurrencies Bitcoin and Ethereum


“I don’t think there’s any question bitcoin saw its high a month ago and the fact that ethereum had its blow up last week shows you how tenuous are the underpinnings of that market.”

“The reason for bitcoin to have been created was ostensibly to be used as a purchasing mechanism, like dollars; but if something is able to move 15-20% in the course of a day, how can that possibly be used as a purchasing mechanism?” 

“I think it’s the most comical, ludicrous, and silly notion to come down the pipe since tulip bulb mania of the 15th century.”

via kitco