“If You Don’t Understand Bitcoin, You’re Too Old”: Billionaire Leon Cooperman Recommends Being “Extremely Careful” When Dealing With Cryptocurrencies

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September 10, 2021 11:22 GMT

The CEO of hedge fund Omega Advisors urges those who know little or nothing about cryptocurrency to invest in gold.

American billionaire investor Leon ‘Lee’ Cooperman admitted that he does not understand the features or value proposition of bitcoin, and advised those in a similar situation to choose gold.

If you don’t understand bitcoin, This means that you are old. I am 78 years old. I am old. I do not understand”, She said Cooperman this Thursday in an interview during the CNBC program. Investor whose fortune according to Forbes, it reaches 2.5 billion dollars, recommends “extreme caution” with the popular digital currency and argues that it is “a lot of no sense”.

Cooperman, founder and CEO of hedge fund Omega Advisors, stated that gold is also Best choice for investment Compared to Bitcoin, people who know little or nothing about cryptocurrency are urging people to lean towards the metal. “If you are worried about it [los acontecimientos en] World, gold will be for me the best Asset to store value“, pointed out.

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