Category: cnbc

Bitcoin ‘Has No Intrinsic Value’: Business Insider CEO U-Turns On Digital Currency

Business Insider CEO Henry Blodget has U-turned on his publication’s Bitcoin cooing, saying it has “no intrinsic value.” As analysts predict Bitcoin’s price anywhere from $1,470 to $6,000 in days, Business Insider CEO told CNBC the virtual currency “has no intrinsic value.” “Bitcoin is the perfect asset for a speculative bubble,” Henry Blodget told hosts […]