Warren Buffett is a genius when it comes to investing, but obviously he is way wrong about Bitcoin. Just like he was wrong about Apple and Amazon, especially when it came to the iPhone. Unfortunately, many people take his word as gospel and will shy away from Bitcoin because of his statements. Who knows how long it will take before they realize they were wrong. You'd think Munger would have altered his view on Bitcoin since it has already increased exponentially since the first time he called it rat poison (2013 I think?).
It isn't lucky fans of bitcoin.
Now the bitcoin was attacked" by Warren Buffett, and the price has again spread down...
It is a lot of epithets. Not mine, Buffett.)))
Giving yesterday, 07.05.18, CNBC interview, it has told that buyers of bitkon whom he has characterized as "rat poison in a square" look forward who will pay more for their "anything-worthless-artificial-gold"...
The mysticism around bitcoin generates the unhealthy interest and not reasonable rise of the price, and there is the next soap bubble, such as, tulip fever in Holland in the 17th century.
"When you don't understand an essence, the mysticism bewitches and excites. People like to speculate and gamble."
And Charlie Munger his old partner and the vice-head of board of his Berkshire company has compared a race behind bitcoin to biting definition of Oscar Wilde of "hunting for foxes", or "Silent hunters pursue that are inedible"....
What your thinks?
Bed news? Rat poison in a square? Soap bubble? My thinks are, "OMG The Bitcoin is pants!"
Bwahahahaha. Your response to this post has cracked me up. soap bubble? Rat poison in a square? hahaha, I am laughing as I retype it.