Katsunori Sago, the chief investment officer at Japan Post Bank, has joined the cadre of financial observers calling bitcoin a bubble, stating that bitcoins fair value should be around $100.
The banker went on to call the bitcoin bubble worse than the 1990s dot-com bubble.
Sago said the bank could consider buying bitcoin if it falls to $100, but it has no plans to short sell bitcoin on account of its volatility, in remarks reported by Reuters yesterday. Today, bitcoin price hit a new all-time high of $8,040.
Haha he's angry because he had missed the bus. He'd like to see $100 to get in and get rich on it going back to $8000, like it did between 2015 and now.
Bad news for you chief investment officer. You're not that good at investing if you're letting your anger drive you!