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Indian billionaire says the country’s regulators need to ‘step in and ban bitcoin’ – CNBC

The investor, sometimes referred to as India’s Warren Buffett, also told CNBC he “will never buy bitcoin.”

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Indian billionaire investor Rakesh Jhunjhunwala said the country’s regulators should ban cryptocurrencies such as bitcoin.
The investor, sometimes referred to as India’s Warren Buffett, said he “will never buy bitcoin.”
“I think it’s speculation of the highest order. I don’t want to join every party in town. I think the hangover is much worse,” he told CNBC’s “Street Signs Asia” on Tuesday.
Bitcoin has had a spectacular run in 2021, and surged more than 90% so far this year, according to data from…

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