As an integral part of the new internet, blockchain-based cryptocurrencies like Bitcoin will supposedly grow substantially in the future and thereby generate even more wealth than the internet has managed to produce up to this point in time.
https://www.notebookcheck.net/Hedge-fund-manager-predicts-that-the-blockchain-and-cryptocurrencies-like-Bitcoin-will-generate-more-wealth-than-the-internet-has-so-far.572271.0.html
Wealth needs to be backed by better products and/or more products. Otherwise it is inflation.
Societal speculative movements go from politics to products/estate and now to money. Some turn to be correct and start being real.
Internet created wealth by optimizing processes and saving time of billions of people.
How can he expect the same from burning electricity for useless calculations, servicing payments for drugs, bribes and other crimes?
Uh scammer hedge fund roaches only predict things that they are in on the take for, nothing new. The modern version of wealth is all just marketing driven fantasy world stuff and this is no different. It's like thinking the stock market has some objective rules, it doesn't. The rules are that the big boys who control it use it for criminal purposes in varying degrees at varying times.
How does virtual coin create wealth other then those who start and market such coins, having all of them, then selling them at the high, for real money, so everyone else loses when it folds or is worthless. I'm sure there are lots of more sophisticated versions of the scam as well.