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 additional adoption of Bitcoin as a payment method since then, Robinson repeated that sentiment, saying “nobody is using it.”