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Tag Archives: Warren Buffett

Charlie Munger Hates the Bitcoin Success as Warren Buffett Laments Neo-Trading Platforms

Legendary stock market investors Warren Buffet and Charlie Munger spoke at Berkshire Hathaway’s annual meeting, talking briefly about cryptocurrencies and the effects of the new trading era on the global psyche. Buffett’s Thoughts and Munger’s Rant Warren Buffett expressed his displeasure at people who treated markets like a casino, claiming that it encouraged a gambling impulse. Buffett insisted that sound long-term investing is not as easy as it sounds, and he spoke out...

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Bitcoin Is Up Almost 350% Since Warren Buffett Called it “Rat Poison Squared”

It has been less than three years since one of the most celebrated traditional investors, Warren Buffett, famously called bitcoin “rat poison squared.” While he envisioned the cryptocurrency’s demise at the time, BTC has so far survived, surged by over 300%, and its market capitalization has surpassed that of Buffett’s company – Berkshire Hathaway.The Rat Poison That Ate Buffett’s CompanyThe year was 2018, bitcoin had just started to cool off after its parabolic price increase that led to...

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Corporate Money Could Start A Bitcoin ‘Torrent’, Says Hedge Fund Manager Bill Miller

US investor, fund manager, and philanthropist Bill Miller believes that the global economic situation could drive large corporations to allocate more funds into bitcoin. The former Chairman and CIO of Legg Mason Capital Management said that the BTC adoption curve is very yearly, although the asset’s market cap has surpassed some prominent names.Rat Poison But For Cash; Miller SaysThe 71-year-old investor is among the most well-recognized and respected hedge fund managers, known for managing a...

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Why Warren Buffett’s Longtime Partner Is Wrong About Bitcoin (Opinion)

Bitcoin’s price has gone on an impressive run in the last few weeks, accelerating at a parabolic rate. Despite the most recent correction, the asset is still trading somewhat solidly above the $30,000 mark, charting an impressive increase of 310% since the same time last year.Yet, Warren Buffett’s longtime partner, Charlie Munger, is still far from being convinced on anything bitcoin. And he’s wrong.Charlie Munger: Investing in Bitcoin Is DementiaWriting for Yahoo Finance, GuruFocus’ John...

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Warren Buffett Will See His Wealth Hyperinflate While Bitcoin Price Does 40-80x, Says Max Keiser

Popular TV host and long-time Bitcoin proponent Max Keiser believes that futures traders suppress Bitcoin’s price at current levels. However, once the asset explodes to Keiser’s intermediate target at $28,000, BTC’s amount for sale will evaporate as governments and institutions will purchase directly from miners. Keiser: Governments And Institutions Will Rush To Buy BTC Keiser recently tweeted that “the (temporary) Bitcoin price suppression scheme is a godsend for poor people...

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Andrew Bailey Is Clearly No Fan of Bitcoin

Andrew Bailey – governor of Britain’s Central Bank (BCF) – is clearly not a bitcoin fan.Andrew Bailey: BTC Has No Connection to MoneyIn a recent webinar hosted by the financial institution, Bailey took the time to explain bitcoin, stable currencies and central bank digital currencies (CBDCs). While he was relatively positive about the latter two entities, bitcoin appeared to rub him the wrong way, and he wasn’t very complimentary of the world’s number one digital currency by market cap.In the...

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Michael O’Leary: I Will Never Invest in Bitcoin

At the time of writing, bitcoin – the world’s number one digital currency by market cap – is worth roughly $11,300. However, according to some – such as Michael O’Leary of Ryanair fame – the price of the asset should be a big, fat zero.Michael O’Leary Isn’t Crazy About BitcoinAs we have seen time and time again, BTC doesn’t have the ability to entice everyone. While many see it as a revolutionary tool that can potentially give many unbanked people access to financial tools that they otherwise...

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Buffett Looks to Mine Gold; How This Can Help BTC

There’s just no pleasing some people. Despite how well bitcoin is doing as of late – the currency just swung past the $12,000 mark – Warren Buffett, the CEO of Berkshire Hathaway, is still turning his back on the world’s number one digital currency by market cap and investing in gold.Warren Buffett Invests in Gold Mining FirmNot that there’s really anything wrong with this. After all, the asset has been doing quite well as of late. It’s trading for a high of nearly $2,000 per ounce at press...

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Max Keiser: Warren Buffett Will Start Panic-buying Bitcoin at $50,000, Just like Peter Schiff

Although the prominent US investor Warren Buffett has never been a fan of gold in the past, he recently made a sizeable investment in Barrick Gold Corp while reducing his exposure to his favorite sector, banks.Similiar with gold, Buffett has been bashing “the new gold,” Bitcoin, and this raises the question of whether he may change his mind on the primary cryptocurrency at some point in the future.Buffett Sells Banks, Buys Gold InsteadThe soon-to-turn 90-year old chairman and CEO of Berkshire...

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Bitcoin Price Down 12% Since New Year to Date, While S&P 500 Down 28.5%

Bitcoin price is down 12.5%, S&P 500, Nasdaq indexes as well as companies like Berkhire Hathway has also lost significantly since the beginning of the year. Oil war adds fire to the financial crash party.Since the year beginning, the halving hype was striking the news. Many of the industry experts issued predictions of a sharp price increase. However, even despite the halving that will make Bitcoin more scarce, coronavirus is drowning the markets. Bitcoin has gained a lot, yet lost -12.5%...

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