NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: WLFI Price Dips 7% As Eric Trump Leaves World Liberty Treasury Company ALT5 Sigma
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: WLFI Price Dips 7% As Eric Trump Leaves World Liberty Treasury Company ALT5 Sigma

Bitcoin is Worthless in Long-term, Says Veteran Stock Analyst

Yashu Gola
Yashu Gola
1 year ago
2 mins read
bitcoin, crypto, BTCUSD, XBTUSD, BTCUSDT, cryptocurrency

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin may have rallied better than global stocks in 2020, but a veteran analyst still looks at the cryptocurrency as an asset without any value.

James Royal, senior reporter for investing and wealth management at Bankrate – a New York-based financial advisory portal, called Bitcoin worthless in the long-term because it does not generate cash flow to support its valuation.

The statements appeared as Mr. Royal compared Bitcoin to stocks in the context of their rallies this year. While both the markets rebounded sharply from their mid-March nadirs, Bitcoin outperformed its traditional counterparts with an explosive, 200 percent price surge.

Some financial experts rubbished supersonic assets growth by calling them a “bubble.” But for Mr. Royal, Bitcoin’s bubble is far more severe than the one made by the US stock market.

“Today stocks might be in a bubble, but most stocks are still well off their highs for the year, and it’s relatively few high-flying stocks (Amazon, Apple, Facebook, and others) that have held up the market as a whole,” the analyst stated.

In contrast, that is not the case with Bitcoin or other digital currencies, he added, saying that they are “the kind of assets that investing legend Warren Buffet won’t touch.” Excerpts:

“It’s these latter kinds of assets that have a greater chance to be in bubble territory because they don’t generate cash flow to support their valuations.”

Dissent

But most people who have involved themselves with Bitcoin lately think otherwise. Legendary hedge fund manager Paul Tudor Jones made small investments in the cryptocurrency derivatives from his $22 billion portfolios, while telling his followers about how he saw Bitcoin as the “fastest horse” against fiat inflation.

Lately, public-traded firm MicroStrategy also reallocated $250 million of its cash reserves to the Bitcoin market. The company admitted that they saw no profitable yields in holding the US dollar. Canada-based graphic firm Snappa made a similar call before hedging into the cryptocurrency.

bitcoin, crypto, BTCUSD, XBTUSD, BTCUSDT, cryptocurrency

Bitcoin is trading 45 percent higher on a YTD timeframe. Source: TradingView.com

Nevertheless, the “Bitcoin-has-no-value” argument persisted as skeptics believed the cryptocurrency has no use case in the real world. Famous gold bug, Peter Schiff, who accurately predicted the 2008-09 financial crisis, said the Bitcoin price would go back to zero, adding that degenerate gamblers run its market.

Economist Nouriel Roubini also criticized the cryptocurrency on similar factors, calling it “the mothers and fathers of all scams” before a US Congress committee in 2019.

Bitcoin HODLING High

But criticism has not stopped people from gaining small exposures in Bitcoin. The cryptocurrency’s HODLING behavior– a slang for investors buying Bitcoin to hold instead of selling it back–rose to a three year high last week, according to data fetched by Glassnode.

Investors now expect Bitcoin to retest its historical peak near $20,000 in the period of current economic turmoil. They expect others to move into the cryptocurrency market against the US Federal Reserve’s commitment to keeping inflation higher and interest rates lower.

Tweet123Share196ShareSend
Yashu Gola
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN.

Read more

Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Maxi Doge – Πάνω από 2 εκατομμύρια στο Presale. Το νέο Dogecoin με προοπτική 100x

Μήπως έφτασε η στιγμή που το Dogecoin (DOGE) θα χάσει τα πρωτεία του; Αυτό τουλάχιστον δείχνουν τα νούμερα, αφού το...

Ιωάννης Ριζόπουλος 2 hours ago
top ico

Top ICO leta 2025 – MaxiDoge in Pepenode prevzemata vodstvo

Kripto vlagatelji letos z novo energijo krožijo okoli predprodaj, vendar niso vsi kovanci enaki. Nekateri imajo močan zagon z jasno...

tanjapotocnik 2 hours ago
bitcoin hyper

Bitcoin Hyper: 200k v dnevu, predprodaja nad 15M $

Samo v zadnjih 24 urah je Bitcoin Hyper (HYPER) v predprodaji zbral več kot 200.000 dolarjev, s čimer je skupno...

tanjapotocnik 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Expert Crypto Trader Says Dogecoin Price Looks ‘Very Good’, Here’s Why

Sandra White 7 minutes ago
эфириум

Ethereum на грани дефицита ликвидности: что это значит для инвесторов

daria 11 minutes ago

Ethereum (ETH) sull’Orlo di Una Crisi di Offerta: Cosa Significa per gli Investitori

clararosati 1 hour ago

Premium Sponsors

Press Releases

  • ビットコイン...

    11 minutes ago
  • 頑固な抵抗線を突破し、0.0001ドルへのラリーは可能か?

    シバコイン...

    29 minutes ago
  • ドージコイン 今後の価格予測と注目すべき次のミームコイン

    ドージコイン...

    30 minutes ago
  • パイネットワーク...

    41 minutes ago
  • リップル 今後の価格予測:長期的に5ドルを目指す一方、新興レイヤー2プロジェクトに短期利益の期待

    リップル...

    49 minutes ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.