Crypto ‘Won't Turn Out to Be a Complete Delusion'

[Sandus_Cryptolover]

Couple of years back, some individual who feel they so much understand the financial market claimed Bitcoin to be a bubble as well as a delusion then, currently have a change of opinion. Niall Ferguson is one of such and this is an extract of his recent opinion.

British economic and financial historian Niall Ferguson says that cryptocurrencies will not turn out to have been a complete delusion, as he had once assumed.

https://cointelegraph.com/news/economic-historian-niall-ferguson-crypto-wont-turn-out-to-be-a-complete-delusion

With no doubt, it's becoming very clear to all that the revolution of blockchain and Cryptocurrency at large is unstoppable.

[erikoy]

Well this is his opinion and probably many were going to be happy knowing about this man that could influence the cryptocurrency popularity. This is indeed needed nowadays in order to stretch the market price from the longest bear trend I guess since I am new in this system.

Anyway, if others would agree with it then it will be completely true that cryptocurrency is not just a delusion but it is at large unstoppable.

[avikz]

1. Warren Buffet said -

  (a) Bitcoin is an asset that creates nothing!
  (b) Cryptocurrency will come to a bad ending!

2. JPM CEO Jamie Dimon Said - 

  (a) Bitcoin is a fraud that will ultimately blow up.
  (b) The currency isn’t going to work. You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart.

Later, after few months/years, both took U-turn. While JPM launched their own blockchain and Mr. Buffet has reportedly invested $600 million in two fintech companies. Niall Ferguson is just another addition to that list! Thanks to these master fellow for free bitcoin promotion!

[omone1]

All nay sayers that once lambasted the bitcoin and Crypto are now gradually rescinding their statement after the crypto market continue to grow imapct the world, giving the traditional banking system a big concern. Infamous of all is my lovely brother Dimon Jamie, the CEO of JP Morgan. Change is inevitable we can't continue with this unfair financial system, where money is created from thin air just to enrich few and enslave the rest.

[Pursuer]

Later, after few months/years, both took U-turn. While JPM launched their own blockchain and Mr. Buffet has reportedly invested $600 million in two fintech companies. Niall Ferguson is just another addition to that list! Thanks to these master fellow for free bitcoin promotion!

neither of these two are considered "U-turn". they both are still on the same path as they were before with the same mentality about bitcoin.
- JP Morgan is threatened by bitcoin because as bitcoin grows, their power shrinks and they can continue their corrupted ways and their revenue is going to be cut short. the only reason why they created their own cryptocurrency is because they are afraid of bitcoin and don't want to be fallen behind.
- Buffet doesn't understand or wants to understand bitcoin, he is old school and believes that only businesses and factories that produce something physical or give some sort of service are worth investing in. which is why he invested in the companies not in bitcoin itself.

[jseverson]

"I was very wrong. Wrong to think there was no […] use for a form of currency based on blockchain technology," Ferguson is reported to have said. Notably, as of last month, he sits on the advisory board of algorithmic (non-fiat-pegged) stablecoin issuer Ampleforth.

Lmao. Could that be the reason why he changed his mind?

Later, after few months/years, both took U-turn. While JPM launched their own blockchain and Mr. Buffet has reportedly invested $600 million in two fintech companies.

Do the fintech companies Buffett's company invested in have anything to do with crypto at all? That deal happened last year and he denounced Bitcoin again recently. There hasn't been any indication that he's changed his mind about crypto. Not that it matters to us of course.

[davis196]

Couple of years back, some individual who feel they so much understand the financial market claimed Bitcoin to be a bubble as well as a delusion then, currently have a change of opinion. Niall Ferguson is one of such and this is an extract of his recent opinion.

British economic and financial historian Niall Ferguson says that cryptocurrencies will not turn out to have been a complete delusion, as he had once assumed.

https://cointelegraph.com/news/economic-historian-niall-ferguson-crypto-wont-turn-out-to-be-a-complete-delusion

With no doubt, it's becoming very clear to all that the revolution of blockchain and Cryptocurrency at large is unstoppable.

Back in 2012-2013,even I was thinking that bitcoin has no future and it will eventually fade away as the next shiny object/scam.6-7 years later,I know that I was wrong back then,so I completely understand people like Niall Ferguson.However,the bitcoin price is a bubble for sure,but that's not something bad.

[Sandus_Cryptolover]

Later, after few months/years, both took U-turn. While JPM launched their own blockchain and Mr. Buffet has reportedly invested $600 million in two fintech companies. Niall Ferguson is just another addition to that list! Thanks to these master fellow for free bitcoin promotion!

neither of these two are considered "U-turn". they both are still on the same path as they were before with the same mentality about bitcoin.
- JP Morgan is threatened by bitcoin because as bitcoin grows, their power shrinks and they can continue their corrupted ways and their revenue is going to be cut short. the only reason why they created their own cryptocurrency is because they are afraid of bitcoin and don't want to be fallen behind.
- Buffet doesn't understand or wants to understand bitcoin, he is old school and believes that only businesses and factories that produce something physical or give some sort of service are worth investing in. which is why he invested in the companies not in bitcoin itself.

It's an obvious fact that the guys are very scared of been irrelevant anymore in the financial market, thus would do anything to give negative comments/reviews about Bitcoin based on their selfish interest.

I'm very confidence that Bitcoin will put all naysayers to shame and stand out to fulfill it's purpose - Financial Freedom.

[suzanne5223]

Couple of years back, some individual who feel they so much understand the financial market claimed Bitcoin to be a bubble as well as a delusion then, currently have a change of opinion. Niall Ferguson is one of such and this is an extract of his recent opinion.

British economic and financial historian Niall Ferguson says that cryptocurrencies will not turn out to have been a complete delusion, as he had once assumed.

https://cointelegraph.com/news/economic-historian-niall-ferguson-crypto-wont-turn-out-to-be-a-complete-delusion

With no doubt, it's becoming very clear to all that the revolution of blockchain and Cryptocurrency at large is unstoppable.

We both know know there will always be a reason behind every man action and maybe either for good or bad. However, we shouldn't be expecting a good statement from people like Niall Ferguson and other politic leader because they know crypto currency is good but the always make a false statement in other to make people panic.

[egyptian magician]

I just want to say about Warren Buffet... the guy is 88-years-old and is still out there buying newspapers and railroads. He's a dinosaur. You think he would know (or even understand) the first thing about bitcoins or cryptocurrency??

He doesn't even know how to use a computer ffs and has people on his payroll to do all of that for him. People really need to stop taking such high esteem in everything he says about it. We might as well get Kim Kardashian's thoughts about astrophysics while we're at it.

[dothebeats]

It's great that some close-minded people are now opening their cerebrum to the possibility that one day, cryptocurrencies will be a part of the world's financial system albeit not as significant as fiat. It's a great start, but certainly not the end of the road since it might create a domino effect to the once-closed-minded people that condemn cryptocurrencies. Once services and big firms opened their doors for crypto, no matter how little that opening is, people will jump ship and start to shill the hell out of crypto once more.

[Stac]

The economic and the financial historians says that cryptocurrency will not turn out to a complete delusion . Historians have questioned whether fiat currency collateralized cryptocurrencies will ultimately create a new form of money that is bitcoin as an example .The historians suggest that crypto's  non-correlations to traditional asset classes may well  make it attractive for certain investors . The only way global public block chains can accomplish a fully objective is to maintain inherently unstable and unsustainable stance ... Politics points a powerful stand alone tool because it allows no identity and study  emerging trends in block chain governance and it allows to see.how crypto laws are made .

[Kakmakr]

I think a lot of the old school economists are becoming despondent with the Fiat system and they can see the cracks forming in that system now. Bitcoin introduced some alternative system to them, that might just be more effective than the previous system and some open-minded economists are seeing this potential now.

People like Warren Buffet are resistant to change, because old people do not want to learn new things anymore. They made a lot of money from the cracks in the old system and they will not be around when it collapse.  

[kingpin4321]

Not just only Neil Ferguson other economist, financial analyst etc has all aired there pessimistic opinion about bitcoin and cryptocurrency and has failed so far

[Beerwizzard]

neither of these two are considered "U-turn". they both are still on the same path as they were before with the same mentality about bitcoin.
- JP Morgan is threatened by bitcoin because as bitcoin grows, their power shrinks and they can continue their corrupted ways and their revenue is going to be cut short. the only reason why they created their own cryptocurrency is because they are afraid of bitcoin and don't want to be fallen behind.

Bitcoin was not really a big threat to the banking system and the amount of lost profits was low for them. Meanwhile, their loud announcements were made during the crypto hype. And tbh they were right because cryptocurrencies were overpriced.

- Buffet doesn't understand or wants to understand bitcoin, he is old school and believes that only businesses and factories that produce something physical or give some sort of service are worth investing in. which is why he invested in the companies not in bitcoin itself.

His strategy is to buy something underpriced and sell it on the normal price. This is one of the safest way of investing which can be used to invest huge money. If you invest billions into cryptocurrencies then you are probably retarded.
Once again. BTC was overpriced on that time and Buffet was right.

[cizatext]

Most of those who see them self as economic experts that have made different statements about bitcoin in the past in a negative statement are now turning their statement into positive one because they have now seen the potential of bitcoin and at that have discovered that bitcoin is never a bubble and bitcoin will survive and the blockchain technology is here to stay.

[gantez]

1. Warren Buffet said -

  (a) Bitcoin is an asset that creates nothing!
  (b) Cryptocurrency will come to a bad ending

Do we expect an 88 years old man to support what outcome he might not experience? or to lay a competition for his fiat businesses?

We know cryptocurrency is a competitor to fiat and so many fiat business men wouldn't like to see people build wealth from areas they have assume as "bubble ". That is the reasons for negative assumptions.

[erikoy]

It's an obvious fact that the guys are very scared of been irrelevant anymore in the financial market, thus would do anything to give negative comments/reviews about Bitcoin based on their selfish interest.

I'm very confidence that Bitcoin will put all naysayers to shame and stand out to fulfill it's purpose - Financial Freedom.

That would be good but stating the fact that current market condition really affects investors decision making in these times of bear trend. I just wish one day when I woke up BTC and other crypto will have a huge market price increase and everybody will be happy again.

[taguig]

Couple of years back, some individual who feel they so much understand the financial market claimed Bitcoin to be a bubble as well as a delusion then, currently have a change of opinion. Niall Ferguson is one of such and this is an extract of his recent opinion.

British economic and financial historian Niall Ferguson says that cryptocurrencies will not turn out to have been a complete delusion, as he had once assumed.

https://cointelegraph.com/news/economic-historian-niall-ferguson-crypto-wont-turn-out-to-be-a-complete-delusion

With no doubt, it's becoming very clear to all that the revolution of blockchain and Cryptocurrency at large is unstoppable.

I don't see any issue with it, anyone can change their mind about Bitcoin and Cryptocurrency, once they see how good this technology is they will change their mind and in fact become one of its ardent supporters, I wonder when will Beatty change his mind about Bitcoin and support it.

[ethereumhunter]

One person has to said like that about bitcoin, and soon the other people will have the same opinion. They will have one voice to support bitcoin, and all of them will agree with bitcoin.

Soon, if all people can unite in the bitcoin name, the government will realize, and they will approve bitcoin too. And when it's happening, bitcoin can reach all nation and all people.

It is a new era which digital technology will exist among us with or without we can realize. Bitcoin will make a better financial in all countries, but before it's happening, we need to be patient.