It is no secret now that Bitcoin had a huge surge in price last week. This news has split the experts, with some investors being left really excited about the news, and others feeling incredibly nervous and unsure what this means for the future of Bitcoins. According to a report in Bloomberg Businessweek, about 1,000 people own about forty percent of the world’s total Bitcoin, which equals out to approximately $105.6million per person. This obviously does not represent the average investor, but what is worrying is that these 1,000 people can significantly influence and decide the future of the average Bitcoin investor.
Thomas Carper, a Senior United States Senator said; “Virtual currencies, perhaps most notably Bitcoin, have captured the imagination of some, struck fear among others, and confused the heck out of the rest of us”. Investor Warren Buffett suggest that they have no fundamental value and once said back in 2014, that Bitcoin is a mirage and investors should avoid it. He said; “It’s a method of transmitting money. It’s a very effective way of transmitting money and you can do it anonymously and all that. A cheque is a way of transmitting money too. Are cheques worth a whole lot of money just because they can transmit money? The idea that it has some huge intrinsic value is just a joke in my view.” Earlier this year, he backed up his previous statement, saying; “You can’t value Bitcoin because it is not a value-producing asset”. Finally, Jim Rogers, a renowned investor has also stayed away from cryptocurrencies on the whole; however, he did say; “I wish I was smart enough to buy cryptocurrencies…it looks bubblish when you see the kind of price we see in Bitcoins…I certainly don’t know which one will come out on top, or if anyone comes out on top. But, I don’t own any.”. #bitcoin#bitcoins#blockchain#блокчейн#Биткойн#криптавалюта#ФинТех#bitcoinasia#bitcoinnews#bitcointechnology#bitcointraiding#bitcoinguru#bitcoinprice#bitcoinbillionare#bitcoinmining#bitcoinexchange#altcoin#ethereum#money#cash#fintech#crypto#cryptoworld#cryptocurrency#cryptocurrencies#forex#forextrading#passiveincome#forexmarket#wallstreet
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4 611 hours ago
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After Bitcoin's meteoric rise, what percentage of your crypto portfolio would you put in Ethereum and what % would you allocate to BTC? 📈🔥🤔
25 57415 hours ago
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5 77212 hours ago
When it snows you will see who is getting that money!
They either grow weed or mine coins 😂😂