Warren Buffett, Charlie Munger Not Excited Over Bitcoin

Written by:
Guest
Published on:
Jan/11/2018

Warren Buffett, Berkshire Hathaway chairman and CEO, and Charlie Munger, Berkshire Hathaway vice chairman, share their views on Bitcoin being a bubble.

What would Munger's message to young Millennials be who are so excited about the cryptocurrency craze?

"They're excited because it's going up at the moment and it sounds vaguely modern and I'm sure the computer science involved is difficult and interesting so you can understand why they get excited, but I'm not excited."

Buffet chimed in: "If you are buying something because it went up last week, that is not a (good) reason for buying anything."

Watch more below...


Bookmaker accepts most crypto-currencies

video News

60K is Still Possible for Bitcoin This Year

Julian Hosp, co-founder of crypto wallet and card start-up TenX, believes that bitcoin could be hitting $60,000 before the year ends despite only peaking at just shy of $20,000 this past December and now trading 67% below that number.

The One Thing This Bitcoin Bear Needs to See to Become Bullish

“After the move we’ve seen it’s very difficult in the short term to be bullish,” Todd Colvin, analyst at Ambrosino Brothers, told CNBC’s “Futures Now” on Tuesday....But there is something that can change that mindset....

Elderly Man Beaten and Robbed Insider MGM Detroit

71- year old Clearance Kimbrough was beaten and robbed on the 6th floor of the MGM Casino parking garage Saturday morning. 

Why the Phil Hellmuth Outburst Over Weekend has Everyoune Outraged

Why the Phil Hellmuth Outburst Over Weekend has Everyoune Outraged

The World Series of Poker bracelet record holder Phil Hellmuth may have apologized for his outburst against a fellow player this weekend.  Few had kind words for Hellmuth, who only days earlier had made his grand entrance at the WSOP 2018 dressed as Marvel super hero Thor.

Celebrity Poker Pro James Woods: '5 Fatso Liberal Nutjobs Are Hardly Cause to Arm Yourself'

Celebrity Poker Pro James Woods: '5 Fatso Liberal Nutjobs Are Hardly Cause to Arm Yourself'

Responding to a group of individuals furious over the harassment this past weekend of Republican Senate Majority Leader Mitch McConnell and ostensibly warning of a Civil War, celebrity poker pro and conservative James Woods attempted to calm the masses.

Syndicate