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- Digital assets are considered as “con,” and price forecasts are regarded as “nutso” by the millionaire investor Barry Diller
- With the statements, Barry seems to hate cryptocurrencies and finds it dangerous for investors
- The comment of Diller had come when the assets in the crypto market were already shedding their value
Digital assets have been sharply falling due to regulatory concerns and distrust voices. In recent development Barry Diller, a veteran investor and runs other media and internet brands, has shown distrust against such currencies. In an interview with CNBC, Barry Diller stated that cryptocurrencies are con, and he doesn’t trust such assets. On the other hand, the millionaire also mentioned that he has observed individuals talking about the prices and considered the forecasts as a “nutso”.
Barry Diller cleared its stance on digital assets
Barry Diller and his famed fashion designer wife Diane von Furstenberg are in the headlines for a while. The billionaires have donated more than $260 million to create the newly completed “Little Island” park in New York.
However, after considering digital assets as con and claiming price forecasts are nutso, Diller had cleared its stance on such assets. It is confirmed that Diller hates cryptocurrency and views such assets as a potential danger for investors.
Although Diller showed distrust against cryptos, he had little advocacy for blockchain technology. However, last year, the millionaire investors considered the crypto market is being driven by speculation and yet have not changed their views.
Barry’s stance came while BTC being buffeted
In recent days, Bitcoin is facing several strikes, mainly in terms of regulations. After achieving a new all-time high last month, the coin has plunged by approximately 50%. At press time, the flagship crypto asset is trading near the price level of $38k. The primary reason behind the down-trends is China which alone dominates approximately 30-35% of the digital assets market. As the country reiterated its call to restrict mining and trading activities relating to BTC. And on the other side, Hong Kong regulations proposed to ban retail crypto trading and only allow professional traders to trade such assets.
Not only the leading cryptocurrency but the entire digital assets market has been observed down. Ethereum is the world’s second most famous crypto asset, and has also been observed plunging in value. Likewise, other assets like XRP and the most famous hyped crypto-asset Dogecoin are also showing downtrends. However, Barry had shown such distrust when the market is already down-trending.
