Bitcoin to be a 'Delusion', Warren Buffet Says

Looks like mister Buffet's opinion hadn't changed a bit
26 February 2019   388

The legendary investor and head of Berkshire Hathaway Warren Buffett has not changed his attitude to Bitcoin. In an interview with CNBC, he called the first cryptocurrency a delusion. At the same time, he stressed that he explained the nature of the blockchain technology and digital assets.

Bitcoin has no unique value at all. It is a delusion, basically. It attracts charlatans. If you do something phony by going out and selling yo-yos or something, there's no money in it — but when you get into Wall Street, there's huge money.

Warren Buffett

Head, Berkshire Hathaway

In 2007 the head of Berkshire Hathaway and the legendary investor Warren Buffett put $ 1 million on the fact that the S & P 500 stock index will surpass the dynamics of a group of five hedge funds over 10 years. In early December last year, Morgan Creek decided to make a bet for the same amount, putting on the fact that cryptocurrencies would surpass the S & P 500 for the same period.

South Koreans to Invest in Crypto Actively

In addition to the investment amounts, the share of those interested in investing in digital assets also increased
22 April 2019   81

The average amount of investments in cryptocurrency from South Korean invesetprs is $ 6,100, which is 64% more than last year, Cointelegraph reports.

According to a survey conducted by the Korean Fund for the Protection of Portfolio Investors, in addition to the investment amounts, the percentage of those interested in investing in digital assets also increased. Thus, 7.4% of the 2500 respondents have already acquired cryptocurrency (last year there were 6.4% of those). It is noteworthy that this figure has increased, despite several major break-ins of the South Korean crypto exchange, as well as tougher regulation of the industry.

Analysts connect the market with a recent bitcoin price jump and hope for a new bull rally.

Recall recently it became known that 94% of trust capital funds invest in cryptocurrency.