Investment Manager Expects Governments to Clamp Down on Bitcoin, Warns of ‘Intense …

The founder and chief investment officer of Hayman Capital Management, Kyle Bass, has warned that governments will start to really clamp down on bitcoin.

Kyle Bass, founder and chief investment officer of Hayman Capital Management, talked about bitcoin and the outlook for cryptocurrencies in an interview on the Investor’s Podcast Network, published Saturday.

He referenced China which has been cracking down on crypto activities.

“I know bitcoin has done well.

Bass further shared: “I own a couple of private positions in big firms that are trading, lending against, and developing bitcoins and NFTs and all of the digital universe of alphabet soup things that are out there.” He concluded: “I think that the blockchain, I think that NFTs, those things are all very much here to stay.

The investment manager also does not think we are in a bubble.

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Twitter has set up a team to focus on “crypto, blockchains, and other decentralized technologies — including and going beyond cryptocurrencies.” Initially, the team will explore how it can “support the growing interest among creators to use decentralized apps to …

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