Warren Buffett Predict Today That Bitcoin And Other Cryptocurrencies Will Come To A Bad Ending.

in #worldnews • 6 years ago (edited)

Warren Edward Buffett , CEO of Berkshire Hathaway, a billionaire investor told CNBC today in an Interview that cryptocurrencies will come to a bad end when Bitcoin bubble will burst.
More Information: Please Visit.
https://www.cnbc.com/2018/01/10/buffetts-cryptocurrency-predictions-are-scary-heres-how-to-cope.html

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His comments supported by Charlie Munger who is a long time partner of Warren Buffett at his investment company Berkshire Hathaway.
Two of world successful business man told that they never rely on cryptocurrencies and they never invest in Cryptocurrencies.

He told that companies pulling the value of Bitcoin and other cryptocurrencies.
Those persons who are pulling the value of Bitcoin are very bad and they are luring people into the concept of easy wealth without much insight/work which is very bad idea.
Source Of Information:
https://www.cnbc.com/2018/01/10/buffetts-cryptocurrency-predictions-are-scary-heres-how-to-cope.html

https://amp.theguardian.com/technology/2018/jan/10/bitcoin-and-cryptocurrencies-will-come-to-a-bad-end-says-warren-buffett

#investment #teamaustalia #teamsteem #cryptocurrency
6 years ago in #worldnews by
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     6 years ago (edited)

    LOL Quotes from that video:

    It's a mirage basically, it's a method of transmitting money. The idea that it has some huge intrinsic value is just a joke in my view.

    I get into enough trouble with things I think I know something about. Why in the world should I take a long or short position on something I know nothing about?

    LOL is he going senile? He took a position on it and then said he shouldn't take a position on it, because he knows nothing about it.

    The Blockchain has much more power than just transferring money. It has the power to decentralize money, business, and even governments.

    Please read my post about why the value of The Blockchain is greater than gold. (gold 2.0)

    This is a great post by the way. It really shows how mainstream society views The Blockchain with ignorance. That being said I do think there is a correction coming within the next month or two. There will be huge temporary losses.

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       6 years ago 

      Hello again, just wanted to say I'm writing my own post on this. Thanks for the idea.

      Also, your viewers will like it more if you imbed video instead of sending them away on a link. Check YouTube and click the share button then 'embed'.

      It looks like this:

      I can't figure out how to show you the code... sorry. Check
      youtube>>share>>embed

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         6 years ago (edited)

        This post is by an @earthnation Steemit Guild Community member.

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