Billionaire investor Leon Cooperman warns bitcoin buyers, rings the inflation alarm, and rules out an imminent market crash in a new interview. Here are the 14 best quotes.

Billionaire investor Leon Cooperman warns bitcoin buyers, rings the inflation alarm, and rules out an imminent market crash in a new interview. Here are the 14 best quotes.

Billionaire investor Leon Cooperman ruled out an imminent market crash, blasted the Federal Reserve for overstimulating the economy, and in a this week. Cooperman, who converted his Omega Advisors hedge fund into a family office in 2018, also rang the inflation alarm, questioned the hype around meme stocks, and bemoaned the tiny yields from bonds and saving accounts. 1. "Big declines come about because of recession. We're coming out of a recession, we're not going into one anytime soon. That's at least a year away, maybe longer." - 2. "The Fed is wrong on inflation. This idea that inflation is transitory is a pipe dream. 65% of business costs are labor. You know anybody working for less money in this environment?" 3. "The Fed has been the handmaiden to this administration. We're running enormous fiscal deficits and the Fed has been funding it." 4. "The market structure is broken. There's no stabilizing forces in the market now, it's all run by machines. When there's a real reason for the market to go down, it'll go down so quickly your head's gonna spin." 5. "If you don't understand bitcoin, it means you're old. I'm 78, I'm old, I don't understand it.