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David Stockman Says Cryptocurrency Investors Are “Stup… | News

President Ronald Reagan’s Former Director of the Office of Management David Stockman has told CNBC’s Futures Now in an interview that investors in the cryptocurrency market are “stupid speculators” and will suffer a “spectacular crash.” Stockman stated: “It’s basically a class of really stupid speculators who have convinced themselves that trees grow to the sky. It will burn out in ...

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Bitcoin fever to burn out in ‘spectacular crash,’ David Stockman warned

First it was the stock market. Now, it’s bitcoin. David Stockman, President Ronald Reagan’s former director of the Office of Management and a relentless Wall Street bear, is warning investors that the cryptocurrency boom will end disastrously. “It’s basically a class of really stupid speculators who have convinced themselves that trees grow to the sky,” he told CNBC’s “Futures Now” ...

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