PayPal co-founder Peter Thiel believes that Bitcoin could be digital gold [1]. Warren Buffett commented on bitcoin being in a bubble “You can’t value bitcoin because it’s not a value-producing asset” [2]. In a CNBC interview Ethereum co-founder Joseph Lubin “it makes externalities tangible so you can trade them” [3]. There are now more than 120 hedge funds focused on bitcoin and digital currency with over $2.3 Billion in assets under management [4]. Central bank of South Korea announced that they would consider Bitcoin as a commodity rather than a currency [5].
Support Daily Crypto:
https://dailycrypto.io/support
See Full Post:
https://dailycrypto.io/2017/10/28/10-28-2017-south-korea-considers-bitcoin-a-commodity/