According to a Bloomberg report, the crypto entrepreneur mentioned growing security concerns as one of the reasons why he was exiting the digital currency industry. He said:
He also noted that he is looking to invest in non-crypto ventures. “I want to diversify to not being a crypto guy, but being a guy tackling complex problems […] I will incorporate crypto when needed, but a lot of times, it’s not […] It’s really a small percentage of what the world needs.” Di Lorio said.
Lorio is not the only one feeling particularly bullish about Bitcoin and other cryptocurrencies. The Crypto Fear & Greed Index for Bitcoin and other large-cap cryptocurrencies is currently in the “Extreme Fear” region. Similarly, Guggenheim CIO Scott Minerd recently advised investors to avoid Bitcoin in the meantime.
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Source: Cryptocurrency - investing.com
