Another guru of the market considers bitcoin a doomed investment, writes the portal Marketwatch. After the head of JPMorgan called bitcoin fraud, disappointed in the crypto currency every day more and more.

The head of JPMorgan Chase, Jamie Dimon, and possibly the Chinese regulator, acted as the same child from Andersen's fairy tale, who declared to the whole crowd that "the king is naked". After that, the voices of the skeptics began to sound louder, and about the recently achieved $ 5 thousand for a coin, it only remains to dream.

This time the head of the world's largest hedge fund Bridgewater Associates, Ray Dalio, said in an interview with CNBC: "Bitcoin is a market with a high degree of speculation, bitcoin is a bubble". Bridgewater Associates manages about $ 160 billion. According to LCH Investments, since its founding in 1975, Raymond Dalio's net profit was $ 49.4 billion.

According to the Coindesk website. com, bitcoin reached a record level of about $ 4,950 on September 1, but since that time it managed to collapse to $ 2,991.55, and then it was adjusted to $ 3943.1. For the current year, the currency increased by 311%. For comparison, the DIA Jones Industrial Average in 2017 added about 13%, while the S & P500 index grew by about 12% over the same period,.

However, experts believe that, because of high volatility and difficulties with paying bitcoins, the digital currency is not suitable for saving funds and increasing wealth. Dalio noted that the growth of the crypto currency is caused by the fact that people simply think that they will be able to sell bitcoin at a higher price, "so this is a bubble".

The most ardent critic of the crypto currency was the head of JPMorgan Chase, Jamie Daymon, who last week called bitcoin fraud and bubble, which is "worse than the situation with tulips, and will not end well".