(BlockBar) The United States, the European Union, and Chinese authorities have been asked to investigate who is behind the price manipulation in the bitcoin market by a New York Post columnist named John Crudele. John Crudele is a finance journalist. According to him bitcoin is nothing more than a confidence game. He wrote bitcoin is a game where people denote value to an asset based on faith.
It is likely for people to suddenly lose interest in “a fake digital currency,” which is backed by nothing and is “the definition of a con.” His excerpt reads: “I’ve said the same thing when a bitcoin was selling for $20,000. And still was saying it when it plunged to $4,000. Its real worth: $0.”
Crudele asked the authorities to look into bitcoin’s wild price moves. He believes that there is a likelihood of investors losing money like they did when bitcoin plunged from $20,000. According to him his writings against bitcoin would spontaneously alert the White House as the US President is an avid reader of his column.
“Since I happen to know Donald Trump and I also happen to know that the president reads my column regularly, that’s what I’m suggesting right now,” warned Crudele. “No need to even make a phone call.” Crudele received heated reaction when he write an anti-bitcoin article titled “Bitcoin will soon be worth zero.” But Crudele accused his critics of losing their minds whenever someone like him writes anything negative about bitcoin.
He did not start a hate campaign against bitcoin, said Crudele. He appeared to advise that it was financial heavyweights that have been critical of bitcoin. The journalist also reminded that Warren Buffett, the chairman, and CEO Berkshire Hathaway, called bitcoin “rat poison squared.” It is to be noted that his associate, Vice Chairman Charlie Munger, said the cryptocurrency was “just dementia.”
His article further mentioned JP Morgan Chase CEO Jamie Dimon. Jamie Dimon called bitcoin a fraud in 2017. However, it is worth paying attention that the executive later backed-off that statement, saying that he was wrong about the cryptocurrency. “Dimon was probably getting pressure from his company’s traders, who figure they can make a quick score before bitcoin collapses,” argued Crudele.
