Bill Gross Says Bitcoin Limits Make It an Unlikely Currency Alternative
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The limited supply of bitcoin may drive up its value for now, but also makes it an unlikely substitute for currencies or gold in times of economic distress, according to Bill Gross, the billionaire bond manager with Janus Henderson Group Plc.
“It is not really a currency alternative at the moment,” Gross said Thursday in an interview with Bloomberg Television. “Buying a bag of groceries at the grocery store is going to be a little difficult.”