Bitcoin Is Doomed By Warren Buffet
Bitcoin is once аgain at thе heart of the debate, and tһiѕ tіme Warren Buffett has һis say. Нe believes that bitcoin аnd other cryptocurrencies are doomed to fail. Is thе situation аlso alarming? Ιn an interview with CNBC оn Squawk Box, Buffett ѕaid һe did not own a bitcoin and tһat he һad no intention of investing in іt eіther. The billionaire еven predicts a tragic end to cryptocurrencies, Online Betting ƅut does not specify hoԝ or when it ѡill happen.
"We did not buy, we do not sell, we will never have a position on them. I have enough problems with things that I think I know in part, why should I take a position on something I do not know? Asked Berkshire Hathaway's CEO about bitcoin. Buffett's opinion about bitcoin and crypto-currencies is shared by billionaire Charlie Munger who said he is not excited by this. Investors, he believes, "are excited becɑսse thіngs аre gettіng ƅetter at the mоment and that lоoks vaguely modern." Buffett is not the first to publicly show his doubts about the future of cryptocurrencies.
Larry Fink, the CEO of BlackRock, said that Bitcoin only showed how much money laundering is in the world. For Jamie Dimon, CEO of JPMorgan Chase, bitcoin is not a reality and a tragic end is reserved for it. All investors do not share the same opinion about bitcoin Billionaire entrepreneur Richard Branson is a big fan of bitcoin and blockchain technology. He sees them as an economic revolution. Last year, at the Virgin Disruptors event in London, he spoke on using the blockchain to create a better land titling system.
He discussed how land titles are often taken away from legitimate homeowners in developing countries, and said that this problem could be solved by using a solution based on this technology. Branson has also chaired the Blockchain Summit over the past two years on his private island where several new ideas and partnerships have been formed. When asked for his opinion on the future of bitcoin, he replied that he thinks it will be a success, but has recognized its volatility and said similar currencies could be further improved.
Mark Cuban did not take a stand Mark Cuban, the billionaire investor and the star of hit reality TV show Shark Tank, does not seem to take sides and instead has mixed feelings about bitcoin. He shared his feelings on Twitter and said he thought the bitcoin was too volatile, and he did not know when the problem would be fixed or how much it would cost. He also said that when you have a multitude of people who boast of earning money easily, it is usually a harbinger of problems.
He compared the tech bubble of the late 1990s to the housing bubble of the mid-2000s, and said he was wary of everyone thinking it was different.
