Indian billionaire investor explains why he will never buy bitcoin and other cryptocurrencies

Rakesh Jhunjhunwala, partner at Rare Enterprises, says he questions whether the likes of bitcoin can be a form of currency given the inherent volatility in their prices.

[adamaliyukhadija]

When it comes to the world of investing, most people don't know where to start.fortunately, great investors of the past and present can provide us with guidance

[redgamer]

Plot twist- He secretly holds Bitcoin 😁

[TheStoicWayChannel]

When you are already rich then you can say I will stay away from bitcoin😑🤷‍♂️

[notavk]

"It is only the sovereign that has the right to print currency".

That's exactly what has to change bub.

[shreyagupta]

I don't blame him, Warren Buffett or anyone else for such a mindset crypto is new concept not every generation and investor understands it

[nita]

that's what you say when you missed the boat.

[chapterleo]

This guy looks jealous. He missed the boat and now KNOWS that a lot of young guys and gals are going to be millionaires. So it’s quite natural for him to advocate the regulation of crypto. Just a seriously lucky BOOMER, nothing else.

[JosephAloysiusLyons]

*>Dividends are a great thing, but they’re only really effective for passive income when you either have somewheres over 20 to 25 thousand shares of a high yielding stock. Meaning you likely need to have a few hundred thousand if not more invested in it. Re-investing dividends back into the same stock certainly does snowball with compound interest, but you only really start seeing it after 16 years of never stopping and likely needing to add additional money of your own with it….so it’ll be time consuming and costly. The way I see it if you have a million dollars at some point, that’d be enough to create a portfolio that would pay you between 95 to 120 thousand in dividend income<<*

[Bestviralvideosss]

He makes no sense! Lol Crypto is future ✈️

[HoLeeFuk]

This Old Generation will never understand Blockchain, NFTs, Metaverse, ___

[william]

Hello, I'm new to online investment and i have been making huge losses but I recently see a lot of people earning from it. Can someone please tell me what I'm doing wrong

[abhishektevotia]

Crypto will be the king in next 10-15 years

[NeerajKumar-nutq]

When she said "yeah", lol 😂

[michaellee]

Its not a currency, it a better store of value. Holding BTC as a hedge against your local currency is better bet due to inflation, and what the people need to do. He clearly doesn't understand the purpose.

[simonthomas]

He trades crypto via OTC markets in international markets. These millionaires and billionaires don’t trade on exchanges but they trade over the counter.

[sumandas]

Boom boom boomer😂 he has no idea bitcoin is deflationary

[animeshchowdhury]

When they say not to buy, they actually buy, when they say time to buy, they actually sell. 🤫

[presidentrepublic]

Young people who are thinking he is jealous have no idea who he is and the way he thinks. He himself can create things like bitcoin every 6 months. But what is the value? What is the use?

[donnadesiletsmenzies]

Be prepared to invest in a down market and to "get out" in a soaring market, "Learn about blockchain instead of going to college

[JJ-evmp]

Dont treat as Currency - treat as Asset