“News neutrality by unbiased coverage”
One News Page
> >

Will the Bitcoin Bubble Burst? Warren Buffett Thinks So

One News Page Staff Friday, 12 January 2018
Will the Bitcoin Bubble Burst? Warren Buffett Thinks Soby

While Bitcoin may have been around for some time as perhaps the most popular cryptocurrency around, it is only relatively recently that it has become particularly valuable to investors – and those based outside of the mining community. Mining for and harvesting Bitcoin can sound somewhat tricky at first – and it is largely left up to those really steeped in the process to extract the currency in its largest quantities. While Bitcoin is still very much big news, there is also a concern or two that a bubble of sorts could be due to burst – and a number of particularly wealthy investors agree with such assumptions.

Warren Buffett, billionaire and investor extraordinaire, is one such skeptic of Bitcoin’s worth in the long run – having recently advised to CNBC that cryptocurrencies in general may suffer on the longevity front. “I can say almost with certainty that cryptocurrencies Williamson come to a bad end,” Buffett stated – with his Berkshire Hathaway partner Charlie Munger agreeing that Bitcoin and the like were operating in so-called ‘bubbles’ – meaning that anyone hoping to cash in on the recent spike in popularity and value may do well to avoid the craze altogether. However, this is only one or two opinions – though they certainly hold some weight!

Warren Buffett Just Ripped Cryptocurrency to Shreds
Watch: Warren Buffett Just Ripped Cryptocurrency to Shreds

Cyprtocurrencies, regardless, seem to still be big news for the year ahead, with companies such as Kodak – previously known for producing photography supplies – launching their own currency in a bid to get into what is an increasingly popular market. Against accusations of the currencies sounding too ‘modern’ and too likely to fizzle out alongside hard currency, those who have piled the hours and effort into mining Bitcoin and the like will be keen to disagree – but when it comes to investing, who could argue with the likes of the immensely successful Warren Buffett?

2018 is set to still be a huge year for Bitcoin and its contemporaries, meaning that while the bubble theory is reverberating, there is still time to get involved – however, it is always worth reading up on a guide or two before you throw yourself into the fray. Can you prove Warren Buffett wrong and make a mint on virtual currency? Get some sound advice and follow the markets – and you never know quite how wealthy you could end up! Don’t bet on Bitcoin fizzling out just yet – but do keep an eye on One News Page for the latest Bitcoin news.

Share on
Share on
Post on 
Share by
Source: Wochit Business - < > Embed
News video: Warren Buffett Is Very Down On Bitcoin

▶ Warren Buffett Is Very Down On Bitcoin 00:35

Dimitrios Kambouris/Getty Images Of cryptocurrencies, Warren Buffett, Berkshire Hathaway's CEO, said: "What's going on definitely will come to a bad ending." Of options trades that would profit from price declines, he added: "If I could buy a five-year put on every one of the cryptocurrencies, I'd be...

You Might Like

Tweets about this

Other recent news in Money

SPORTS DIRECT profits tumble as tycoon Mike Ashley's bet on department store Debenhams proves costlyFACEBOOK says survey email is a scam... but then admits its genuine
COMCAST won't pursue 21st Century FoxDISNEY wins bidding war for Fox assets, as Comcast to focus on Sky

Recent related videos

Trump Again Calls Warren 'Pocahontas,' Floats Offering $1M Donation For Her To Take DNA Test [Video]Trump Again Calls Warren 'Pocahontas,' Floats Offering $1M Donation For Her To Take DNA Test

President Trump on Thursday again attacked Elizabeth Warren. President Trump on Thursday again called Massachusetts Senator Elizabeth Warren "Pocahontas," while slamming his potential Democratic..

Geo Beats -

Could Investing in Wells Fargo Be Worth It? Warren Buffet Thinks So [Video]Could Investing in Wells Fargo Be Worth It? Warren Buffet Thinks So

Wells Fargo has been slowly recovering from its 2016 scandal involving artificially boosting its number of customer accounts. So, is investing in the bank a good move?

GOBankingRates -

Will Buffett pay a dividend? [Video]Will Buffett pay a dividend?

The performance of Warren Buffett's investment vehicle Berkshire Hathaway is legendary. But does he have more cash than he can use? Dan McCrum, FT Alphaville columnist, discusses with John Authers..

Financial Times -

Why Warren Buffett Owns a Ton of Apple Stock [Video]Why Warren Buffett Owns a Ton of Apple Stock

Berkshire Hathaway's chief Warren Buffett probably has grand visions for his position in tech king Apple . "He clearly views it as a long-term hold, and it will certainly compound over $1 trillion in..

The Street -

•More original news reports from One News Page
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2018 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+