A well-known expert called modern cryptocurrency “garbage”

The financier does not believe in the success of critobulus.

A large asset Manager focused on investments in precious metals, John Hathaway this week very sharply spoke about the insanity in the financial market cryptocurrency, describing this asset is nothing more than garbage.

Note that the head of the company Tocqueville Asset Management John Hathaway is not the first traditional investor that called the cryptocurrency market “bubble”. Earlier, the head of Bridgewater Associates ray Dalio and renowned investor Peter Schiff has made similar statements.

John Hathaway is confident that the financial market is “in the bubble”, and he calls the current situation “garbage.”
“This is an absolute bubble – in my mind there is no doubt that this is a bubble,” — said the financier. Moreover, the head of Tocqueville Asset Management has compared the market capitalization of the cryptocurrency market (126 billion dollars) with the gold market.

John Hathaway said: “of Course, you have the opportunity to earn on the bubbles at any time of his maturation, but sooner or later you will need to get out of these assets. Don’t forget that the market value of all digital currencies is 180 billion dollars. However, this is nothing compared to the gold market”.

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The expert also said that the market has been less attention to the gold market, because investors are too busy cryptocurrency that, in fact, absurd.

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