Bulls Response to Warren Buffett Criticism : - Warren Buffett, the legendary investor, has frequently been criticizing the cryptocurrency markets. The chairman of Berkshire Hathaway doesn’t have any enthusiasm in the emerging market. He believes cryptocurrencies are neither an asset nor a currency. And thus, he thinks it shares similarities more towards gambling and not investing.
The major reason for his rejection lies behind the concept of fair value. Stock market investors always prefer to gauge the fair value of the asset before placing any investment.
During the annual shareholder meeting of Berkshire Hathaway on Saturday, Buffett called Bitcoin (BTC)“rat poison squared.” The world’s third wealthiest investors also promised that he will never invest in the cryptocurrency market.
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What you think about it sir ?
RE: Bitcoin to 25k is conservative.