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Bitcoin
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Ethereum
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$1,892.26 -1.12547
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BNB
BNB (BNB)
$631.84 -0.59282
BNB price
Solana
Solana (SOL)
$123.90 -4.08109
Solana price
XRP
XRP (XRP)
$2.27 -3.00761
XRP price
Shiba Inu
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$0.0000126 -4.00888
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Pepe
Pepe (PEPE)
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Bonk
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dogwifhat
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Popcat
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Bitcoin
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Ethereum
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$1,892.26 -1.12547
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BNB
BNB (BNB)
$631.84 -0.59282
BNB price
Solana
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$123.90 -4.08109
Solana price
XRP
XRP (XRP)
$2.27 -3.00761
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000126 -4.00888
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000069 -3.09609
Pepe price
Bonk
Bonk (BONK)
$0.0000106 -4.25713
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dogwifhat
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$0.46566 -4.20253
dogwifhat price
Popcat
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$0.185463 -9.37472
Popcat price
Bitcoin
Bitcoin (BTC)
$82,588.00 -1.17547
Bitcoin price
Ethereum
Ethereum (ETH)
$1,892.26 -1.12547
Ethereum price
BNB
BNB (BNB)
$631.84 -0.59282
BNB price
Solana
Solana (SOL)
$123.90 -4.08109
Solana price
XRP
XRP (XRP)
$2.27 -3.00761
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000126 -4.00888
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000069 -3.09609
Pepe price
Bonk
Bonk (BONK)
$0.0000106 -4.25713
Bonk price
dogwifhat
dogwifhat (WIF)
$0.46566 -4.20253
dogwifhat price
Popcat
Popcat (POPCAT)
$0.185463 -9.37472
Popcat price

Bitcoin a bubble unless broader uses emerge: Cliff Asness

Jayson Derrick
Edited by
News
Bitcoin a bubble unless broader uses emerge: Cliff Asness

Cliff Asness, co-founder of AQR Capital Management, labeled Bitcoin a speculative bubble following its meteoric rise to over $100,000 after the November 2024 U.S. presidential election. 

Asness said he remains skeptical of Bitcoin’s (BTC) long-term value due to the absence of clear, practical uses beyond speculation and illicit activities.

“I’m on the bubble side, on the net,” Asness said on CNBC’s Money Movers, “To move me off that, you really need not a price change, but a use case. That’s what could convince me to become maybe more of a crypto person when I find any use for it, aside from speculation and criminality.”

Crypto’s three functions 

Asness identified three primary functions for crypto: speculative trading, use in war-torn regions, and paying cyber ransoms. Despite his bearish outlook, he acknowledged the challenge of shorting Bitcoin, citing its extreme volatility and the risks of concentrated short positions.

Bitcoin surged 120% in 2024, fueled by optimism surrounding President-elect Donald Trump’s election and expectations of crypto-friendly policies. Investors anticipate deregulation and the creation of a national Bitcoin reserve under Trump’s administration.

However, the digital currency dipped 3% in early 2025, trading near $92,000 as of writing.

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