'A Real Bubble': Billionaire Warren Buffett Doubles Down on Bitcoin Doubt

in bitcoin •  7 years ago 

2017_10_26_buffet_btc_bubble.png
source: coinbase

https://www.coindesk.com/real-bubble-billionaire-warren-buffett-doubles-bitcoin-doubt/

Many people are saying bitcoin is a bubble, this time it is from Oracle of Omaha, Warren Buffet, yet the price of bitcoin is going higher & higher. I guess only time will tell. Personally, I do like ideas of cryptocurrency & wonderful features they provide. I do believe that they (strong ones) will not go away. Whether a bitcoin is worth $6000 or not it's a different argument.

your thoughts?

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7 years ago by

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      ·  7 years ago 

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        ·  7 years ago 

      None of these elites or central bankers understand the inner make-up of BTC - it is mathematically determined and totally de-centralized. Uncle Warren is with the old boy's club so his comment on BTC does not come as a surprise.

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          ·  7 years ago 

        I agree with you, these elites might not be elites in this new cryptocurrency field. I remembered uncle Warren once said he would not invest in technologies companies because he does not understand them, and yet tech is one of hottest field nowadays.

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            ·  7 years ago 

          it's definitely a bubble that will pop soon. thanks for sharing!

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