He told the journalists: "As an asset class, you're not producing anything and so you shouldn't expect it to go up".
"When you're buying nonproductive assets, all you're counting on is the next person is going to pay you more because they're even more excited about another next person coming along", stated Buffett. "People like to speculate, they like to gamble". "It's kind of a pure "greater fool theory" type investment", Gates said.
As Tyler has noted and explained in the tweet above, it is in fact "easy" to short Bitcoin.
By design, Bitcoin price and other cryptocurrencies like it are very hard to anticipate in terms of value.
In the same interview, Gates admitted that someone had given him Bitcoin for his birthday in the dim and distant past, but the multi-billionaire sold it after a couple of years. In 2017 the price of one Bitcoin skyrocketed from $2,000 to $19,000 by the end of the year.
While it looks like Bill Gates is exclusively anti-cryptocurrency here, he did acknowledge the fact that the blockchain technology behind digital currencies has some value.
Warren Buffett is not in favor of investing in bitcoin and isn't holding his thoughts back.
He also responded to a question from the audience by saying that bitcoin and other cryptocurrencies "will come to bad endings". The old-school duo called Bitcoin "rat poison" and "turd" earlier during the event.
Legendary investor Warren Buffett's portfolio won't be scooping up shares of insurers that underwrite cyber insurance. Bitcoin futures, as the name implies, allow investors to place bets on the future price of the flagship cryptocurrency through online brokerage firms such as Interactive Brokers or TD Ameritrade. The recent decline in the value of bitcoin was the first decline in prices in over four days.
The Palestinians seek the eastern sector as capital of their hoped-for state. "Jerusalem is our capital", she said . A new road sign indicating the way to the new USA embassy in Jerusalem is set up on May 7, 2018 .
He founded two start-ups-a healthcare start-up, Piramal eSwasthya, and Piramal Realty, a real estate start-up. It was only a month ago, when Mukesh Ambani's elder son Akash Ambani got engaged to schoolmate Shloka Mehta .
Along with the new authorization, the Board of Directors has also approved a 16% increase in the company's quarterly dividend. The company has a market cap of $895,918.56, a price-to-earnings ratio of 19.21, a PEG ratio of 1.35 and a beta of 1.26.
Multiple people are dead after a shooting Monday afternoon at a home in Brookeville, Maryland, police said. Three other adults in the home where the three people were killed were able to escape unharmed.
The Jinnah row started after BJP's Aligarh lawmaker Satish Gautam wrote to AMU raising objections to the portrait. They said members of certain outfits entered the campus and disrupted the peaceful academic environment there.
The third lens' addition would mean that the user will have the ability optically zoom in up to 3X without losing any data. Huawei shocked the world by adding a third camera to their P20 Pro phone, and everyone thought it was a gimmick.
He said incriminating materials, including arms and ammunition, have been seized from the encounter site. A soldier of the 44 RR of the Army and Anil Kumar, a policeman were injured during the encounter.
Giuliani said despite Trump's openness to sit down with special counsel Robert Mueller, he would strongly advise Trump against it. Besides Daniels, former Playboy model Karen McDougal claims she was intimate with Trump "many dozens" of times from 2006 to 2007.
Other Wall Street experts have also recently posted reports on these shares. 116 funds opened positions while 188 raised stakes. Telemus Cap Lc has invested 0.02% of its portfolio in Southwest Airlines Co . (NYSE:LUV) was sold by Wells Gregory D .
The Model Y will be the new entry level model of Tesla after its launch and it is based on the same platform of Model 3. Musk told investors during the earnings call that Model Y production wouldn't start until "early 2020" at the earliest.
The key instrument on board the spacecraft is a seismometer which will be deployed on the Martian ground by a robotic arm. The launch drew pre-dawn crowds to Vandenberg Air Force Base and rocket watchers down the California coast into Baja.
LeBron James: My Confidence In Teammates 'Never Wavered'
Cleveland shot a ridiculous 65 per cent in Game 4's first quarter, when nine of their 12 field goals were either layups or dunks. Casey, looking for a spark to save the season - and maybe his job - switched starting lineups for the second straight game.
Don Blankenship is running on Trumpism in West Virginia. The GOP
Early in the midterm election cycle, Republicans had hoped that winning Manchin's seat would increase their slim Senate majority. If there's one person who has run the most Donald Trump-esque campaign since the 2016 election, it's probably Don Blankenship .
English Premier League: With top four at stake
Antonio Conte has taunted Liverpool by insisting: Lucky teams can win the Champions League but only the best lift the title. Chelsea beat Liverpool 1-0 at Stamford Bridge after Giroud struck to breath new life into the Blues' top four hopes.