Quote from: frlvoleg on June 18, 2018, 07:57:41 AM

TV anchor Max Kaiser explained why Warren Buffett scolds bitcoin

American TV presenter and bitcoin optimist Max Kaiser attacked the billionaire investor and CEO of Berkshire Hathaway Warren Buffett and his vice-president Charlie Manger. Recently, Buffett compared bitcoin and other crypto-currencies with "rat poison in the square," and Munger called the fascination with them "dementia." Such comments triggered the reaction of millions of supporters of the crypto-currency market.

In response, Max Kaiser, a well-known film director and TV host, in his Keizer Report program on RT, indignantly stated:

Bitcoin is a reaction to Warren Buffett and his friends, corrupt capitalists. They do not want to descend from the pedestals of the clan capitalism and to refuse the free money of the central banks, so they attack the crypto-currencies.
Adding oil to the fire, Manger recently stated that the trade in crypto-currencies is "an occupation for those with an underdeveloped childish mind." Earlier, the 94-year-old Harvard graduate also said that bitcoin is "the top of senility". In an interview with Yahoo! Finance, he called the flagship crypto currency "antisocial, stupid and immoral".

Kaiser reacted to these comments, saying that the crypto currency would soar above $ 30,000 "right before Manger's demise". Earlier, Kaiser claimed that bitcoin could reach $ 100,000.

Without mentioning the time frame, Kaiser said that it is possible to predict the future growth by analyzing the situation in the current crypto-currency market. It is noteworthy that the famous crypto-enthusiast John McAfee several times with certainty expressed that by 2020 the price of bitcoin will reach $ 1 million.

Meanwhile, another billionaire and "bitcoin bull" Mike Novogratz said that it would be "irresponsible" not to have bitcoin in the investment portfolio. Also, according to him, investors should keep 1-2% of their funds in this crypto currency. He noted that people should invest in crypto-currencies, because ultimately the technology of blocking will significantly affect our lives.

it is probably because he knows that investors are just speculating on it. He knows that when speculation outweighs the real value, bad thing will happen next, ex: high volatility. When Speculation stops or minimizes and more value has been delivered Then expect a stable price of blockchain going up.