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not investing, Buffet commented. A simple supply and demand scenario indicates that cryptocurrencies are poised to increase in value rather than remaining stagnant. For example, IBM and Amazon have started using Blockchain services to better their products and services that are offered worldwide. #3 Monetary System, related Story: Former Top Official Said He Would Consider FedCoin to Rival Bitcoin. Featured Image Source: Yahoo Finance.
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The two appear to take pleasure in being the defenders of the old-guard financial system, and their remarks carry a lot of weight. Did you like this article? George Soros, Buffet is a well-document skeptic of cryptocurrencies. Youre just hoping the next guy pays more, Buffet said. If you wanna gamble somebody else will come along and pay more money tomorrow, thats one kind of game. Cryptocurrencies are already popular, and their integration is nearly unanimously trending toward higher levels of adoption, not less. By listening to contrarian voices like Warren Buffet, the community can gain valuable insight into some of cryptos shortcomings, but that still doesnt mean that hes right. Bitcoin, by access_time chat_bubble_outline, the godfather of investing, and one of the wealthiest people alive Financial guru Warren Buffet has commented once again on the currency everyone is talking about- cryptocurrencies. At the beginning of the year, when Bitcoin was in its descend down from its peak of 19,800, Buffet added some oil to the flames by claiming almost with certainty that Bitcoin will come to a bad ending. Increasingly, Buffet and others who are staunchly opposed to digital currencies like Bitcoin are becoming pariahs in their field. On Thursday, Martin Weiss, founder of Weiss Ratings, disputed Buffets assertions, and he offered an alternative narrative that espoused the benefits of cryptocurrencies.
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