{"id":49270,"date":"2021-09-11T15:40:20","date_gmt":"2021-09-11T12:40:20","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=49270"},"modified":"2025-09-02T11:48:22","modified_gmt":"2025-09-02T08:48:22","slug":"billionaire-leon-cooperman-urged-caution-in-bitcoin-investments","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/billionaire-leon-cooperman-urged-caution-in-bitcoin-investments\/","title":{"rendered":"Billionaire Leon Cooperman Urged Caution in Bitcoin Investments"},"content":{"rendered":"<p>American billionaire Leon Cooperman, in an interview with CNBC, admitted that he does not understand how the first cryptocurrency works. He also urged caution regarding investments in Bitcoin.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\u00abIf you don\u2019t understand <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoin<\/a>, it means you\u2019re old. I\u2019m 78. I\u2019m old. I don\u2019t understand it,\u00bb says Lee Cooperman. \u00abI\u2019d be very careful with <a href=\"https:\/\/twitter.com\/hashtag\/btc?src=hash&#038;ref_src=twsrc%5Etfw\">#btc<\/a>. It does not make a great deal of sense, and if you are nervous about the world gold to me would a better place to store value.\u00bb <a href=\"https:\/\/t.co\/OANWHHjpWx\">pic.twitter.com\/OANWHHjpWx<\/a><\/p>\n<p>\u2014 Squawk Box (@SquawkCNBC) <a href=\"https:\/\/twitter.com\/SquawkCNBC\/status\/1435943371013509125?ref_src=twsrc%5Etfw\">September 9, 2021<\/a><\/p>\n<\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIf you don\u2019t understand Bitcoin, that means you\u2019re old. I\u2019m 78. I\u2019m old. I don\u2019t understand it. I\u2019d be very careful with Bitcoin,\u201d Cooperman said.<\/p>\n<\/blockquote>\n<p>He also noted that he regards gold as the best store of value.<\/p>\n<p>Leon Cooperman is the head of hedge fund Omega Advisors, which manages assets totalling $3.3 billion. Forbes values the billionaire investor\u2019s wealth at $2.5 billion.<\/p>\n<p>In September, Senator Elizabeth Warren <a href=\"https:\/\/u1f987.com\/en\/news\/senator-elizabeth-warren-calls-cryptocurrencies-the-new-shadow-banks\">called<\/a> cryptocurrencies \u201cthe new shadow banks.\u201d<\/p>\n<p>In August, Bitcoin skeptic and gold advocate Peter Schiff <a href=\"https:\/\/u1f987.com\/en\/news\/peter-schiff-if-i-could-go-back-i-would-buy-bitcoin\">acknowledged<\/a> that the price of digital gold could rise to $100,000 and that he did not buy the asset in 2011. However, the entrepreneur still regards the first cryptocurrency as a bubble.<\/p>\n<p>Read ForkLog\u2019s Bitcoin news on our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>American billionaire Leon Cooperman, in an CNBC interview, admitted that he does not understand how the first cryptocurrency works. He also urged caution regarding investments in Bitcoin.<\/p>\n","protected":false},"author":1,"featured_media":49271,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1138],"class_list":["post-49270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=49270"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49270\/revisions"}],"predecessor-version":[{"id":49272,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49270\/revisions\/49272"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/49271"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=49270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=49270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=49270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}