Germany. Its implied, though, as he commented on bitcoin being in a bubble. However, youre unlikely to find the phrase bitcoin believer on this particular. The astronomical rise begs the question: Are cryptocurrencies, specifically bitcoin, in a bubble? Gold in circulation is roughly valued.5 trillion as compared to a market cap.4 billion for bitcoin. First, the volatility in bitcoins price is hindering its widespread adoption for payments. Berkshire Hathaway has a résumé that can put just about anyone to shame. The investment tycoon also indicated that he has nothing invested in Bitcoin or other cryptocurrencies, either long or short, stating: If I could buy a five-year put on every one of the cryptocurrencies, I'd be glad to do it but I would never short. Hence, gold cant be valued; it can only be priced. Why in the world should I take a long or short position in something I don't know anything about. We don't own any, we're not short any, we'll never have a position in them.
Bitcoin is just accepted at three out of 500 top retailers, according to Internet Retailer. Adoption as a currency is highly unlikely.
When it happens or how or anything else, I don t know, the billionaire Berkshire Hathaway chief.
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An investor would purchase a put option if they believed the underlying security - in Buffet's case, all cryptocurrencies - were going to decrease in value. Similarly, a price tag can be put on bitcoin, but it cant be valued. I wouldnt be surprised if it wasnt around in the next 10-20 years. Paypal nasdaq:pypl believes that bitcoin is underestimated. Bitcoin wont be around in a decade or two. Peter Thiel, the co-founder. You dont actually need to use it to make payment, said ether vs bitcoin market cap Thiel in an interview. The key problem with bitcoins acceptance as currency is regulation. Damodaran ignores the fact that gold is unique. American businesses are going to be worth more money. The threat of a new emerging currency will always be there for bitcoin, which isnt the case for gold. Bitcoin and other cryptocurrencies will definitely come to a bad end, according to the Oracle of Omaha, Warren Buffet.
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