Major Investor Says Sell All US Tech Stocks and SpaceX Will Fail
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Entry is the asset's closing price on the publication date. Current is the last close on record.
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Entry $60,159.63 30 Jun 2026Current $64,261.00 07 Aug 2026Result −$4,101.37
No.
Context “Crypto? >> No. >> Why? >> It's an unnecessary piece of nonsense ...”
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Entry $60,159.63 30 Jun 2026Current $64,261.00 07 Aug 2026Result −$4,101.37
Yes, it will certainly go to zero.
Context “Do you think Bitcoin's going to go to zero? >> Yes, it will certainly go to zero.”
Full Transcript
with the average person that's looking to invest their salary or their wages. >> Don't own US stocks. That's a simple strategy that you can act on. >> But what about S&P 500? >> No. >> Really? >> Yeah. And if you have a big position in US technology stocks, I personally advise would be to sell them all. >> But I'm an investor in SpaceX. >> Good luck. SpaceX is such a fabulous ES stock, and we can go into that. >> Crypto? >> No. >> Why? >> It's an unnecessary piece of nonsense [music] that facilitates nothing except criminals moving money that they can't be seen. >> Do you think Bitcoin's going to go to zero? >> Yes, it will certainly go to zero. >> So how many years have you spent investing? >> 60 years. >> And what's the most amount of money you've ever managed of other people's money? >> 165 billion. >> And one of the things you're famous for talking about is this idea of bubbles. >> Yes. And bubbles always occur around the very most important ideas. So the railroads, everyone could see that it would change the world. The same with the internet, and everyone wanted to put their money in, and so they over invested. But this is the problem. Eventually, they burst.
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