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Financial Analyst Gary Shilling Shorts Bitcoin: It’s a ‘Grand Ponzi Scheme’

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Financial Analyst Gary Shilling Shorts bitcoin: It’s a ‘Grand Ponzi Scheme’

Financial analyst Gary Shilling said his eponymous New Jersey investment firm, A. Gary Shilling & Co., is shorting bitcoin because it’s “some kind of a grand Ponzi scheme.” Shilling told CNBC that he’s troubled by the opaque nature of the crypto industry. Specifically, he’s concerned that the identity of Satoshi Nakamoto — the inventor of bitcoin —

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