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Investment bank JPMorgan conducted a survey of thousands of investors from 1,500 institutions and found that 49% of them think that cryptocurrency is either “rat poison squared,” the term used by Berkshire Hathaway CEO Warren Buffett to describe bitcoin, or “a temporary fad.” 49% of Investors Told JPMorgan Cryptocurrency Is a Fad or ‘Rat Poison […]Powered by WPeMatico
Berkshire Hathaway’s vice chairman and Warren Buffett’s long-time business partner, Charlie Munger, has advised investors not to buy bitcoin or gold. He believes the cryptocurrency is too volatile to serve well as a medium of exchange. Munger also says he doesn’t know which is worse between Elon Musk’s Tesla reaching $1 trillion in market cap […]Powered by WPeMatico
Billionaire investor and Berkshire Hathaway vice-chairman Charlie Munger has once again dismissed the value proposition of Bitcoin.
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For many years, the business tycoon Warren Buffet has condemned bitcoin as an investment telling people that the crypto asset is nothing but gambling. Two years ago, just before a Berkshire Hathaway 2018 annual shareholder meeting, Buffet said bitcoin is “probably rat poison squared.” Despite the investor’s criticism, the crypto asset’s market capitalization has surpassed […]
The post ‘Noxious Poison’ – Bitcoin’s Market Cap Surpasses Warren Buffet’s Berkshire Hathaway Valuation appeared first on Bitcoin News.
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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 knowPowered by WPeMatico
Notoriously 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.
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The Oracle of Omaha, Warren Buffett, world renowned investor and head of Berkshire Hathaway, was asked about his views on cryptocurrency, especially that of bitcoin. While not as dour and hateful as his Vice Chairman of just two months ago, Mr. Buffett is not convinced bitcoin is anything more than gambling, a game. Also read: Bitcoin […]
The post Warren Buffett: Bitcoin is Gambling, a Game, Not an Investment appeared first on Bitcoin News.
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Daily Journal’s annual shareholder meeting usually involves Berkshire Hathaway’s vice chairman, Charlie Munger, giving his overview of things economic. This Valentine’s Day, the 94-year-old right-hand man of Warren Buffett took the opportunity to savage the world’s most popular cryptocurrency, bitcoin. Also read: Citibank India Bans Bitcoin Berkshire Hathaway Wants Cops Unleashed on Bitcoin If it’s not […]
The post Berkshire Hathaway: Bitcoin Is Disgusting, Detestable, Noxious Poison appeared first on Bitcoin News.
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