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20 September 2021

Investor Leon Cooperman Believes "Old" People Can't Comprehend BTC | Live Bitcoin News

Investor Leon Cooperman Believes "Old" People Can't Comprehend BTC | Live Bitcoin News


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Leon Cooperman – a billionaire investor and the chairman of the Omega Investors – stated in a recent interview that anyone who doesn’t understand bitcoin is likely to be “old,” and that those who don’t trust it may take solace in gold, the world’s number one precious metal.

He believes gold is and always will be a better store of value for one’s cash reserves, and he is confident that gold can do a far better job in keeping one’s wealth steady during times of economic strife, even though its price has fallen by about nine percent in the last year.

However, he did go so far as to mention that the day the United States allows USD to be replaced with bitcoin is likely to never come.

Thus, bitcoin is the answer, but Cooperman doesn’t think the U.S.

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