Barry Ritholtz, Columnist

Most Cryptocurrencies Will Die a Painful Death

The survivors, though, might make interesting investments.

February 5, 2019 at 5:38 PM UTC

Barry Ritholtz is a former Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”

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There are more than 2,000 cryptocurrencies being traded today, and more are being created every day. This week’s guest on Masters in Business, Matt Hougan, global head of research at Bitwise Asset Management, warns that “95 percent of these will die a painful and deserved death.”