Bitcoin prices down 0.60% early Monday morning, above $48,000
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Bitcoin was trading 0.60% lower on Monday morning with a price above $48,000.
The price was around $48,204 per coin, while rivals Ethereum and Dogecoin were trading around $3,203 (-0.21%) and 28 cents (+0.46%) per coin, respectively, according to Coindesk.
Hedge fund billionaire John Paulson, who made a fortune in 2008 when he shorted the housing bubble, said in an interview published Sunday that he believes cryptocurrencies will eventually go bust.
PAULSON SAYS CRYPTOCURRENCIES WILL EVENTUALLY BE ‘WORTHLESS’
Paulson, 65, told "Bloomberg Wealth with David Rubenstein" he wouldn't recommend the investment to anyone. He said there is a cryptocurrency bubble that will "eventually prove to be worthless."