Published On: Wed, Apr 11th, 2018

Bitcoin, Ether, XRP ‘Have No Intrinsic Value,’ Because Bert Ely Says So

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Bert Ely, an attention-seeking financial expert who has been referred to as “The King of Quotes,” has thrown some more of his stereotypical alarmist opinions in the direction of Bitcoin and other leading cryptocurrencies. This time, he’s gone so far as to claim that they have ‘no substantive or intrinsic value’ — even though they clearly do.
‘No Rational Justification’
Sometimes, it’s hard to tell if Bert Ely is serious.
You may recognize the name from any number of mainstream newspapers and websites over the last few decades, in which Ely has stereotypically doled out a not-so-healthy dose of alarmist opinions on the inevitable collapse of any given market — and the cryptocurrency market is no different.
Case in point: on April 9th, Ely wrote an op-ed for The Hill, in which he piled on about as much FUD (Fear, Uncertainty, and Doubt) as one could possibly pile into a reasonably-sized opinion piece on the cryptocurrency market.
Of course, everyone’s entitled to their opinion. In Ely’s case, however, he’s just plain wrong — and he’s either intentionally misleading his readers, or he …

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