Investment advisor and former Prudent Bear Fund manager David Tice has warned about investing in bitcoin. Citing “negative statements” by central bankers and regulators, such as the Bank of England, he said that it is “very dangerous to hold” bitcoin today.
Investment Advisor David Tice Warns It’s Dangerous to Invest in Bitcoin
David Tice, who sold his bear fund as the 2008 financial crisis was unfolding, talked about the stock market and bitcoin in an interview with CNBC Friday. A former Prudent Bear Fund manager, Tice is known for making bearish bets during bull markets. He now advises the Advisorshares Ranger Equity Bear exchange-traded fund (ETF), which has $70 million in assets under management.
Tice was a bitcoin bull early this year but he became bearish when the price of the cryptocurrency hit all-time highs in March. He now cautioned investors in the crypto space that BTC is very dangerous to hold right now.
“We had a bitcoin position when bitcoin