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Tuesday

28 September 2021

Billionaire Investor Leon Cooperman: If You Don't Understand Bitcoin, You're Old

Billionaire Investor Leon Cooperman: If You Don't Understand Bitcoin, You're Old


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Billionaire investor Leon Cooperman told CNBC that older people do not understand Bitcoin, hence why he doesn't currently comprehend the characteristics and value proposition of the peer-to-peer monetary network.

"I say that if you don't understand bitcoin, it means you're old," he said on CNBC's Squawk Box on Thursday.

Bitcoin provides its holders an absolute cop-out from governments' monetary policies that favors few at the expense of many, usually resulting in a severe loss of purchasing power long term.

It is too bad many people worldwide still don't understand that, but time may help Bitcoin fix that too.

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