Warren Buffett believes bitcoin's swelling price is a bubble

in #bitcoin7 years ago

I respect Robert Kiyosaki and the money he invested into Bitcoin, I know that he is an expert in real estate but not in trading. I can't invest into a course when I know for a fact he doesn't believe into trading. He is a great salesman but I'm going to pass on Bitcoin. On the other hand, I keep track of Warren Buffet, and anything he says that are good investment


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Thank you ! @askquestion

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Warren Buffet does not like assets that does not give you income. He does not like gold too. Bitcoin is not the kind of asset that fits his investment strategy.

Not his kind of investment .. I believe he is more into dividend producing types.. He is super smart in stocks but not so sure he is thinking 30/40 years from now .. just my opinion

Your writing is very interesting.
But I want to ask you, what do you think about the development of 2018 bitcoin price in the future?
I just want to survey some people

Hope so price Goes Up in next year end of jan . just hold on

Actually it’s a bubble who already exploded onto numerous people faces. Think about all those people who bought weeds and other stuff like that using BTC back in the days. It’s like smoking gold 😅

:) Right

Here's the thing....it may well be a "bubble" but it has a long way to go before it bursts! Cryptocurrency in general has not even hit the 1 Trillion market cap yet. The last bubble was at 7 Trillion.

Long way to go!

Stock market and cryptocurrency one are very different.
What is true is that the more stock investors will invest in crypto, the more the crypto market will behave like the stock one (they won't change their behavior).