Bitcoin Is ‘Worthless,’ Housing Bubble Billionaire Says. Just Don’t Try Betting on a Decline. - Barron's

Cryptocurrencies won’t be the next “Big Short” even though they are “worthless,” says a hedge fund manager who made billions betting against the U.S. housing market more than a decade ago.

In an interview with Carlyle Group founder David Rubenstein, John Paulson claimed that cryptocurrencies are a bubble. But he also acknowledged that he’s not shorting them.

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