Tag: store of value

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Bitcoin is a ‘disgusting’ product that comes ‘out of thin air,’ says Charlie Munger

“I hate the Bitcoin success, and I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth,” said the billionaire. Charlie Munger, billionaire investor and vice chair of Warren Buffett’s Berkshire Hathaway conglomerate, did not mince words when it came to describing his feelings on crypto. In the Berkshire Hathaway Annual…
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Bitcoin is technology but gold ‘is dead,’ Mark Cuban tells Peter Schiff

Schiff looks increasingly isolated in his Bitcoin hating as former skeptic Cuban tells him to “move on” from gold. Bitcoin (BTC) and Ether (ETH) are empowering but gold is “dead,” billionaire Mark Cuban has told one of cryptocurrency’s biggest naysayers. In a Twitter debate on Mar. 2, Cuban, who has become increasingly sympathetic to crypto,…
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Bitcoin is now worth more than a 20 ounce gold bar

As Bitcoin price topped $40,000 it became more valuable than a 20oz block of gold. Bitcoin’s meteoric price rise is showing no signs of slowing down and its latest all-time high has priced the asset higher than a 20 ounce gold bar. Over the past six hours, Bitcoin prices topped $40,000 briefly according to Tradingview.com.…
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