Bitcoin (CRYPTO: BTC) has fallen more than 30% since the start of the year, but one bear is anticipating even further downside.
What To Know: Short Hills Capital’s Steve Weiss is bullish on the underlying technology supporting Bitcoin, but he doesn’t understand the use case for the world’s oldest cryptocurrency.
“Bitcoin is an asset class. That’s undeniable, but it’s a risk asset class and I just don’t see the utility in it,” Weiss said Monday on CNBC’s “Fast Money Halftime Report.”
Many view Bitcoin as a transactional currency, but Weiss claims it isn’t, and it never will be.
“It’s …
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