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December 20, 2024

Gordon Johnson Revives Critique of Bitcoin: Calls It Worthless Amid Decline

GLJ Research CEO Gordon Johnson has rekindled the harsh criticism of Bitcoin (BTC) originally voiced by late Berkshire Hathaway Vice Chairman Charlie Munger. Johnson labeled Bitcoin as ‘rat poison,’ emphasizing its speculative nature and alleged lack of intrinsic value. He criticized major financial institutions for their involvement in cryptocurrency markets, fueling the ongoing debate about Bitcoin’s viability. As Bitcoin struggles below the $100,000 mark, Johnson’s remarks resonate with skeptics who question the sustainability of cryptocurrencies. The discourse surrounding Bitcoin continues to evolve amid market fluctuations.

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