Hello Guys,
Stock Market King Waren Buffet does not like the Bitcoin and other crypto currency since starting, and he always like and and love his stock market thought.
Frequently he declares in interview that Bitcoin is a bubble and will be burst one day,
The question is that why he believes so? Is he correct on his belief regarding this or crypto currency will prove him wrong.
I am sure that Bitcoin Lover definitely do not like his and that guy also who speak always in opposite direction because cryoto lovers are seeing the bright future in crypto currency
What does he say about Bitcoin:
“If you buy something like a farm, an apartment house, or interest in a business … you can do that on a private basis … and it’s a perfectly satisfactory investment. You look at the investment itself to deliver the return to you. “Now, if you buy something like Bitcoin or some cryptocurrency, you don’t really have anything that has produced anything. You’re just hoping the next guy pays more.” Buffett went on to suggest that such investments are merely a speculative “game” and a “gamble” and tha ..
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Buffett has also wielded the bubble argument against bitcoin, as well as stating that BTC cannot be valued because “it’s not a value-producing asset”. The Oracle’s anti-crypto stance is shared by ousted Paypal CEO Bill Harris, who called bitcoin a “scam” this week, and Buffet’s vice chairman at Berkshire Hathaway, 94-year-old Charlie Munger, who thinks interest in bitcoin is “simply disgusting”.
Now the Point is that will he proved wrong??
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