John Crudele Cruelly Labels Bitcoin ‘the Fake Bitcon Currency’, $0 is Ultimate Price
John Crudele Attacks Bitcoin and Asks Why Supporters Want to Maintain Prices High
John Crudele, an prominent business journalist in the United States, attacked Bitcoin calling it a fake currency. In an article uploaded to the New York Post, he says that Bitcoin is falling again and that during the last week it dipped below $6,000 dollars.
Indeed, he is not lying, Bitcoin was traded under $6,000 for a short period of time, and the famous virtual currency lost over 65% of its prices since its all time high in December 2017.
Moreover, he said that this price drop experienced by Bitcoin is a bold move due to the fact that other journalists reported that Washington and other regulatory agencies are investigating whether the markets were manipulated.
After it, he said that Bitcoin is nothing more than a confidence game and that supporters want to keep the price high.
About that he commented:
“Since bitcoin is nothing more than a confide game, supporters are desperate to keep the price as high as they can. But since bitcoin topped out at around $20,000 early this year, that confidence has eroded greatly.”
If this was not enough, Crudele said that Bitcoin’s ultimate price should be $0.
At the moment of writing, Bitcoin keeps being the most important virtual currency in the market and each coin can be bought for $6431 dollars.