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Why betting on bitcoin is harmful to the U.S. dollar: Morgan Stanley’s Ruchir Sharma

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Ruchir Sharma, chief global strategist at Morgan Stanley Investment, says evolving blockchain technology has led to the growth of bitcoin and as more people invest in the cryptocurrency, it can harm the U.S. dollar and weaken democracy. He joins ‘Closing Bell’ to discuss. Subscribe to CNBC PRO for access to investor and analyst insights on bitcoin and more: https://cnb.cx/2BT2E7y

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6 Comments

  1. lol don't worry about bitcoin. worry about bad actors and criminals in your industry and hyper inflation. those are far more damaging to the U.S. dollar and is going to be the driving factor in pushing more and more people to crypto. get some self awareness.

  2. The US Dollar has lost 90% of its value since 1991… So long Fiat. But No company, no corporation, hedge fund or even Nation in the future will consider holding fiat that loses its value. Paypal, Square, Greyscale, and so many other companies have made the switch. Its only a matter of time before more companies put their value in Bitcoin. And that time is now.

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