What is your opinion as per Warren buffet statement, he is a wealthy giant globally he told CNBC on Wednesday the recent craze over bitcoin and other cryptocurrencies won't end well. "In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending,"
Am really scared hope the end is not near. I want to hear from knowledgeable individual what the future holds.
Traditional investors like Warren Buffet usually lays statements prejudicial to bitcoin's existence. Their ways are still inclined to the traditional way of investing, which is acquiring shares of stocks, purchasing gold, investing into bank notes, etc. What makes him say those statements are the lack of any regulation among cryptocurrencies in general. Although he may be against Bitcoin, he is not entirely wrong at all. Having to invest into something that lacks collateral or security is generally risky if you compare it to the other types of investment tools.
Warren Buffet is a conservative investor and maybe he doesn’t invest much on technology and don’t even understand it. But no matter what people say negative about Bitcoin or crytocurrency the community is getting stronger as time goes its an internet 2.0 and I’m very positive that it will withstand the test of time and these innovations are phenomenal.
At some point, I even considered that he is just trolling everyone by influencing them not to invest into bitcoin. Not to mention, he may be even one of the whales that try to manipulate the prices. Well, that is just my opinion considering that he always mention that he hates bitcoin, which I think is very arguable.
