It is important to mark that Bill Gates and Jamie Dimon believe in blockchain, the technology behind Bitcoin and other cryptocurrencies. His sentiments were echoed by the Vice Chairman of Berkshire Hathaway Charlie Munger. Munger had made similar remarks in February calling Bitcoin a total asinine arguing that many people get involved in cryptocurrency because they want easy money.
Things were looking up for Bitcoin holders over the weekend, with the price of the cryptocurrency coming agonisingly close to breaking the $10,000 barrier on both Saturday and Sunday.
Though Bitcoin has been around for almost a decade, the cryptocurrency didn't really become a true mainstream phenomenon until late 2017 when the price of Bitcoin shot up from about $5,800 to almost $20,000 in the span of just four weeks.
3 takeaways from Game 5 vs. Warriors
The ball is in Harden's hands the majority of Rocket games, which seems counter-productive for any team that has the Point God. Houston has been rolling along all season, following up their 65 regular season wins with eight wins in 10 postseason games.
#MeToo will take time to change Hollywood, says Cate Blanchett
Amidst the less starry line-up at the festival, the new " Star Wars " spin-off, " Solo " is the only Hollywood blockbuster. Sonam Kapoor-Ahuja will be at the French Riviera as a newlywed and make heads turn on May 14 and 15.
Meghan Markle's father will walk her down the aisle to Prince Harry
Food stalls and big screens will be set up near to the Long Walk and viewing areas will be set up along the procession route. The company that operates out of Reading town centre is launching a new Royal Express for Green Line routes 702 and 703.
Billionaire and Microsoft founder Bill Gates is very skeptic about the cryptocurrency and says that he would like to bet against Bitcoin if he had such an opportunity. "It's kind of a pure "greater fool theory" type of investment", he said, also noting that if he could short it, he would. So in November 2014, he called bitcoin the most innovative solution in the Internet payment market. What Buffett means is that if you purchase bitcoin, you will never be able to produce anything of value from it. His concerns regarding Bitcoin price also stem from a security standpoint with concerns that the anonymity and lack of traceability of the currency may contribute to funding illegal activities - stating it has "caused deaths in a fairly direct way".
Buffett, who is the CEO of Berkshire Hathaway, has historically been a harsh critic on the cryptocurrency. Buffett's "rat poison comment" is akin to Munger's "noxious poison" from earlier in the year. In 1997, shortly after Jobs' return to Apple, he announced a controversial deal in which Microsoft invested $150 million in Apple, agreed to support Office for Mac, make Microsoft Explorer the default browser on Macs, and settle that lawsuit.
One of the biggest names in the list of billionaire investors Warren Buffett is not particularly fond of bitcoin or the new digital era currency that took the world by storm previous year.