“I think crypto is just complete fraud, over and over and over,” said Andrew Left, the founder of Citron Research, in an interview with CNBC. Widely known for being one of the best short-sellers, Left has been constantly questioning the worth of Bitcoin and Ethereum for a long time.
He called Bitcoin overpriced and Ethereum prices to be questionable. Left tweeted, “To be clear, there is A LOT of Fraud in the world of Crypto and I believe that ETH or smart contracts have no place in the complex world we live in. BTC, has the collective conciseness of perceived value but also no utility. Hype and Fraud different things.”
Is Left’s criticism of crypto a hint for his upcoming book? Or does he collectively hate the idea of people investing in crypto? Based on various reports, Left hasn’t shared much about his investments in crypto but his opinion on crypto shows he might have not bought any coins.