Ray Kurzweil: Bitcoin Instability
on Wednesday, June 21, 2017Ray Kurzweil Money Quote saying longevity is not best served by volatility in Bitcoin price as a futurist wanting certainty of long term value. Ray Kurzweil said:
“We’ve seen tremendous instability with bitcoin, so I wouldn’t put my money into it” — Ray Kurzweil
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In this quote, Ray Kurzweil is expressing hesitation about investing in bitcoin due to the cryptocurrency’s volatility and instability in price fluctuations. By stating he wouldn’t “put my money into it”, Kurzweil is suggesting that bitcoin’s tendency for sharp and unpredictable drops in value make it too risky as an investment for him personally.
The “instability” he refers to is bitcoin’s price movements, which have historically included both massive gains and losses over short periods. Overall, Kurzweil appears to be advising caution towards bitcoin as an investment due to concerns about its high volatility potentially leading to significant losses for those putting money into the cryptocurrency.