CNN CNN This Morning Weekend June 4, 2024 12:44:00
Why? >> well, boris, because cryptocurrency has no fundamental value. you have to ask yourself, why is it trading at whatever the current market price is? there's no cash flow. traditional assets have cash flow. normal currencies are valued to one another. there's exchange rates that are determined based upon things like gdp growth in the two countries, inflation rates. that doesn't exist in cryptocurrency either. so what you're left with is an asset class that trades entirely on sentiment. as we've seen over the past couple days, sentiment can be extremely fickle, so long term, cryptocurrency...
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