(CNBC) Seth Klarman, the value investing giant who draws comparisons to Warren Buffett, says he is not a believer in cryptocurrencies.”While we have long had our own concerns over the tendency of central bankers to debase paper currency by printing more and more of it, the proliferation of hundreds of virtual currencies seems far more likely to be a craze,” Klarman wrote in a recent investor letter obtained by CNBC. “Cryptocurrencies seem more like tulip bulbs for the digital age.”
Cryptocurrencies are ‘Tulip Bulbs For The Digital Age
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