Legendary investor Peter Lynch has done some homework to understand crypto but it's still not for him.
Legendary investor Peter Lynch is staying away from cryptocurrency . The vice chairman of Fidelity Management & Research, known for his "buy what you know" approach to investing, told CNBC's "Squawk Box" Tuesday morning that he has "no idea" when it comes to crypto. "I can't pronounce crypto – I can spell it, definitely can't pronounce it," he joked, adding, "What bitcoin's going to be, I have no idea.
The "halving" is a technical event that occurs every four years and cuts the reward for miners on the Bitcoin network in half with the aim of reducing the bitcoin supply over time. Historically, the halvings have preceded bitcoin's next all-time high . The next one is about a year from now but it doesn't yet have a specific date. Despite what he has learned, crypto isn't for him, he said.
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