Ratan Tata dispells rumours, says no link with crypto of any form

economictimes.indiatimes.com:

Tata Group chairman emeritus Ratan Tata today said he has no associations with cryptocurrency of any form. «I request netizens to please stay aware. I have no associations with cryptocurrency of any form,» the 85-year-old industrialist said in a tweet. He said if you see any articles or ads mentioning his association with cryptos, they are absolutely untrue and meant to scam citizens. Earlier, Mahindra Group chairman Anand Mahindra was also the victim of such fake news report claiming his latest investment in cryptocurrencies had left «banks terrified» and «experts in awe». The report had claimed that the tycoon has found a 'wealth loophole' that can make investors a millionaire in three to four months. Mahindra had then come out with a similar clarification saying that he has not invested a single rupee in cryptos.

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As an asset class, cryptocurrency has left investors divided and often drawn extreme reactions. Investing legend duo of Warren Buffett and Charlie Munger have time and again dismissed digital currencies. While Buffett had called Bitcoin a gambling token, Munger had said it's ridiculous that anybody would buy this stuff. «I think the people who oppose my position are idiots, so I don’t think there is a rational argument against my position,» Munger had said earlier in the year. After BlackRock, the world's largest asset manager, raised hopes of a spot bitcoin exchange-traded fund (ETF)