Bitcoin and other cryptocurrencies will definitely end badly, according to famous name Warren Buffet. In an interview with CNBC today, Warren Buffet, billionaire director of the Berkshire Hathaway investment group, said that nascent and cryptocurrency-based financial technology is unlikely to do well:. I don’t know when, how, or anything else.”
Famous investor Buffet also said he has never invested in Bitcoin or any other cryptocurrencies:
“If I could buy a five-year put option on each coin, I would be happy to buy it, but I would never short a small amount.. We don’t own any (cryptocurrency), we don’t have a short position in any of them, we will never have a position in any of them.”
The so-called ‘put option’ gives investors the opportunity to sell a certain security at a certain price at a certain time. an option contract. If an investor thinks that the underlying security of what he is investing in – in Buffet’s case this is all cryptocurrencies – will decrease in value, he or she will buy a put option.
Buffet’s cryptocurrencies These confident predictions may scare some investors away, but many in the cryptocurrency market see such comments as FUD (fear, uncertainty and doubt).. Warren Buffet’s comments are also not very reliable, because there is something strange: Warren Buffet does not know anything about cryptocurrencies.. That’s why we wrote ‘ignorant’ in the title anyway.. If you ask “How do you know”, I know because he said it himself.. Warren Buffet said it himself in the interview:
“Sometimes I get in trouble for things I thought I knew something about.. Why would I take a short or long position on something I know nothing?”
Warren Buffet said in a previous comment that Bitcoin and other cryptocurrencies are balloons.
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