Buffett on BTC

October 27th, 2017 "I don't think the Internet is going to change how people chew gum." – Warren Buffett Got this from a friend? SUBSCRIBE HERE THE FEATURE Billionaire Warren Buffett Doubles Down on Bitcoin Doubt The "Oracle of Omaha" is at it again. At a recent event, Warren Buffet, among the best-known investors globally (and perhaps in history), weighed in for the second time on another entry for the history books: bitcoin. Echoing his famous statement from 2014 – "It's a mirage," he said – the octogenarian investor once again appears to have been heavy with criticism. This time around, he called it a "real bubble," framing the excitement around the technology as the natural result of "big price movements" now yielding improper praise. So, what to make of the claim? As Twitter was quick to point out (sometimes in comparisons less than kind), Buffet has been wrong with his public bets before, most often when it comes to evaluating stocks or companies whose value is derived from leaps in technology. Case in point: the statements play into the classic "blockchain is the new internet" narrative, a perfect mirror of Buffett's late-90s stance on the web and its wave of innovation.  In this way, supporters posit the cold water courtesy of Buffet may not be cause for concern, but fuel for counter-argument. Read the whole story Tweet Share ⚡️ Consensus: Invest ⚡️ The fast-growing cryptocurrency asset class is winning new interest from institutional investors. But how can they enter the market safely and smartly? CoinDesk has the answer.   Come and join us for the world's first digital asset investor outlook event in New York on November 28, 2017.  Wait, there's more: Can Blockchain Save Us from the Internet's Original Sin? The digital behemoths – Google, Amazon, Facebook, Apple – have too much power over our digital lives. Can blockchain help us take back control? Bull Exhaustion? Bitcoin Price Halts Advance Ahead of $6,000 Bitcoin prices have taken a downturn after the psychological hurdle of $6,000 proved a tough nut to crack. D3 Unveiled: Russian Depository Seeks Big Money Investors for Crypto Tokens Russia's National Settlement Depository has revealed new details about its planned blockchain-based cryptocurrency depository. Japan's SBI Holdings Is Gearing Up to Mine Bitcoin The financial services division of Japan's SBI Group has revealed plans to move deeper into the world of cryptocurrencies and blockchain. UK Treasury: Cryptocurrencies Pose Low Terrorist Financing Risk The British Treasury has stated in a report that cryptocurrencies like bitcoin pose "low risk" for terrorist financing and money laundering. Verisign Explores Blockchain for Domain Security System Internet services company Verisign may use a blockchain as part of a domain name system services extension project. Diverse Team, Diverse Portfolio: Amentum Raising $10 Million Crypto Fund The Amentum team includes veterans of blockchain startups Purse.io and Chain – but also a private equity investor and a former construction manager. GMO ICO? Bitcoin-Friendly IT Firm Announces Token Sale Japanese IT firm GMO is adding another twist to its ongoing cryptocurrency initiative: a plan for an initial coin offering (ICO). Kansas Commission: Political Candidates Cannot Accept Bitcoin The Kansas Governmental Ethics Commission issued guidance Wednesday stating that candidates for office cannot accept bitcoin as a contribution. Multicoin Capital Plans $100 Million Raise for New Blockchain Investment Fund This hedge fund is betting that blockchain can drive the price of middlemen down to zero, raising $100 million to invest in a range of tokens. Turkeycoin? Food Giant Cargill Launches Blockchain Tracking Pilot American agricultural conglomerate Cargill is testing a blockchain platform to track the provenance of turkey products. 'Full Steam Ahead' for Segwit2x, Developer Jeff Garzik Says The Segwit2x team is pushing ahead with a bid to change the bitcoin blockchain's rules, according to an email from its lead developer. 'A Real Bubble': Billionaire Warren Buffett Doubles Down on Bitcoin Doubt Billionaire investor and Berkshire Hathaway CEO Warren Buffett said bitcoin's price is in a bubble during a question-and-answer session this month. Low Volume Lift? Litecoin Prices Rise But Big Leaps Unlikely The price of litecoin appears to be benefiting from crypto market conditions, but low volumes suggest any larger lift-off might not be in play. Go to CoinDesk BTC: $5,854.24 -0.43% ETH: $298.06 -0.46% @8:00 EST - More price details Copyright © 2017 CoinDesk, All rights reserved. You're receiving this email because you subscribed for updates on our website. Our mailing address is: CoinDesk 636 Avenue of the Americas New York City, NY 10011 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list