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Seeking Alpha 2021-03-16 16:30:31

John Hussman On Bitcoin

Objects like tulip bulbs and Bitcoin differ from securities in that they do not deliver a stream of cash flows to the holder.Blockchain is a brilliant algorithm, and I expect that it will have a great number of uses for secure transactions and inventory management.Bitcoin isn't actually creating "wealth." It's only creating the opportunity for wealth transfer, primarily from those who will end up holding the bag.

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