Are Gates, Buffet, and Munger All Threatened by Bitcoin?

The price of Bitcoin slipped this week after Bill Gates, Warren Buffet, and Charlie Munger all spoke poorly of the digital asset. But the question remains, do these billionaire heavyweights know what they’re talking about? Gates insisted that Bitcoin was a ‘greater fool’ investment, as well as “one of the crazier, speculative things” he had ever seen, and then doubling down by saying he would “short it if there was an easy way to do it.” The funny thing is that at the end of last year, shorting Bitcoin through derivatives was made possible. It’s surprising that someone like Gates doesn’t currently know

Go to Source

Powered by WPeMatico

Gox Trustee to Flood Market with Thousands of Bitcoin, BTC Price Drops Below $9K

Gox Trustee to Flood Market with Thousands of Bitcoin, BTC Price Drops Below $9KNotoriously hacked cryptocurrency exchange Mt. Gox isn’t done with bitcoiners just yet. Just as it appeared the world’s most popular cryptocurrency was ready to strike above the stubborn high nine thousands in price, Nobuaki Kobayashi, Tokyo-based, court appointed trustee of the remaining bitcoin to be distributed among creditors, seems ready to flood another 8,000 coins […]

The post Gox Trustee to Flood Market with Thousands of Bitcoin, BTC Price Drops Below $9K appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Bitcoin Price Watch: Currency Spikes to $9,300

Bitcoin has jumped back to the $9,300 mark. The currency had recently been tested at $9,800, and was unable to surpass $10,000 mark over the weekend as so many analysts and users were hoping. It fell to $9,500 the following day, $9,300 after that, and ultimately settled at $9,100 during yesterday’s early morning hours. Overall, the total drop amounted to $700 over the course of three days. Now that the currency has moved up, many are wondering if the bulls have once again taken the reins and are pushing bitcoin back up the financial hill. One source verifies that this

Go to Source

Powered by WPeMatico

Bitcoin Price Watch: Currency Drops Another $200

Bitcoin has dropped another $200 from yesterday, and is now trading for about $9,300. This is a $500 drop from the currency’s recent high of $9,800, proving that it was unable to test the $10K line in what was its second attempt since mid-March. While it is disappointing to see such a drop take place, there is good news afoot that bitcoin is managing to withstand present resistance levels. The currency has dropped not by $2,000 or even $1,000 – the fall incurred consists of $500. To put things bluntly, “it could have been worse.” A lot worse, and the

Go to Source

Powered by WPeMatico

Bill Gates States Cryptocurrency “Has Caused Deaths in a Fairly Direct Way”

bill gates cryptocurrencyOn Tuesday, Microsoft co-founder and avid philanthropist Bill Gates participated in an Ask-Me-Anything (AMA) session on Reddit, where users of the site present questions on any topic for the billionaire to answer. Among questions of coding semantics and peanut butter sandwiches, one Redditor asked for Gates’ opinion on cryptocurrency. Redditor /u/Askur1337 asked Gates for his take on cryptocurrencies, to which Gates provided several sentences explaining why he has adopted an unsupportive approach to the recent craze. While many may assume that the technology magnate recognizes the massive potential of cryptocurrency, Gates takes a much more pragmatic view on the emerging tech.  Gates suggests

Go to Source

Powered by WPeMatico

Bill Gates Says Crypto Has Caused Deaths in a Fairly Direct Way

Bill Gates: Crypto Caused Deaths in a Fairly Direct WayOne of the world’s most affluent persons, Bill Gates, appears to have bought in to the rhetoric of popular media and government law enforcement accounts. Recently, Mr. Gates and his wife submitted to a Reddit Ask-Me-Anything (AMA), and Mr. Gates’ gave some unusual views on cryptocurrency.   Also read: How To Regain Control From Nanny Zuck […]

The post Bill Gates Says Crypto Has Caused Deaths in a Fairly Direct Way appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico