Why does Warren Buffett scold bitcoin?

[renes]

All those people want to buy bitcoin and regret as they could not buy it so psychologically and knowingly they want bitcoin to crash and people to sell their holdings.

[tycsols]

Most of the big investors and institutes are already entering or have entered the crypto market, some examples are nasdaq launching their own btc exchange and wall streets biggest funds have also gave green signal about entering crypto, it is just that the few that have still been away from crypto are talking negative about it just because they do not have any other option, because they will look stupid if they have not invested and are talking good about crypto, we have seen last year big names calling btc scam, created fud and panic selling and then jumped in themselves with heavy investment making huge profits, these giants are nothing but manipulators.

[ishirut009]

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.

[crzy]

All those people want to buy bitcoin and regret as they could not buy it so psychologically and knowingly they want bitcoin to crash and people to sell their holdings.

Maybe big people and companies are really waiting for the bottom of bitcoin so they can have more bitcoin at a lower price. People is panicking especially when they hear news coming from a big businessman so technically the market will crash and those big man will enter and manipulate the market.

[DZU1410]

There are those who love bitcoin for its future and the opportunity to enrich quickly on this coin, and those who hate for outdated technology and slow transactions. But everyone understands that bitcoin will remain the leader of the whole market and will still show its records.

[saiha]

All those people want to buy bitcoin and regret as they could not buy it so psychologically and knowingly they want bitcoin to crash and people to sell their holdings.

+1

All they wanted is to get more bitcoins at cheaper rates.

[CLywaTeLb]

Of course, we can not know the true causes of their words, but on the minds of people there is a some play. The thought of trying to drop prices for buying cheaper makes sense.

[crypto_futurer]

Warren Buffett most likely invests in the crypto currency and now specifically says that Bitcoin has no prospects to frighten people and buy themselves more crypto currency at a price much lower than the current one. Do not let yourself be manipulated.

[tweetbit]

I’m hoping his just in bad day or in day dreaming(nightmare) at that time. Being a billionaire doesn’t give you the authority or a license to say on what’s is right and what is legit or not. He has the right to express his opinion, but it doesn’t mean we won’t do anything to counter such fud and negative nonsense from Warren Buffet. Let’s him eat those words and regret when everything is too late.

[Signmd]

Warren Buffett does not believe in bitcoin, as in 1999 he did not believe in the Internet. He does not believe in technology. But Blockchain technology has come into our lives and will never go away. The current financial system is outdated and the currency will replace it.