Bitcoin is not an investment and not a currency: Jeffrey Robinson
Prominent crypto critic calls bitcoin a ‘bubble’ and says go to Vegas if you want to gamble • Jeffrey Robinson, the author of a scathing bitcoin take-down, says he believes buying bitcoin is not investing. • "It's a loaded roulette wheel," the writer of the 2014 book "BitCon" argues. • Bitcoin was trading above $11,000 on Friday after sharp sell-offs earlier in the week. Jeffrey Robinson, best-selling author of a scathing bitcoin take-down, told CNBC on Friday that he believes buying bitcoin is gambling not investing. "It's a bubble," Robinson said on "Squawk Alley." "It's a loaded roulette wheel. You're better off in Vegas. The food is better." In his 2014 book "BitCon," he called bitcoin "pretend currency," and wrote very few people use or accept it. Despite the additional adoption of bitcoin as a payment method since then, Robinson repeated that sentiment, saying "nobody is u...