Select Page

Bitcoin -The Ingenious Delusion

by | Apr 11, 2019 | Blockchain Business, Comic | 0 comments

Warren Buffett has a habit of causing quite a stir in the blockchain community. A big critic of Bitcoin and the surrounding crypto space, Warren Buffett recently called Bitcoin “Ingenious.” This is one of the more balanced statements he’s made about Bitcoin, but then he proceeded to call Bitcoin a delusion.

Here’s the quote in full:

“Bitcoin, it’s ingenious. And blockchain is important. But bitcoin has no unique value at all. It doesn’t produce anything. You can stare at it all day, and no little bitcoins come out or anything like that. It’s a delusion, basically.”

So is it a delusion? Or is it a delusion? According to Buffett, it’s both.

Let us know what you think in the comments.

 

Related Articles

Talk About Blockchain & Cryptocurrency

We are grateful to have Jason from Bitcoin Malaysia, Simon Pang, Steem Witness and also Wei Chi from Sinegy to be our speakers for this event. In this sharing session, you will learn about blockchain’s future, security, applications, basic knowledge about Bitcoin, Steemit & Sinegy. 

Blockchain News – The Signal #3

This week’s stories include Malaysia’s push for Industry 4.0, Melaka’s Chinese government-backed blockchain initiative, cryptocurrency pyramid schemes, North Korea’s potential focus on Southeast Asia’s crypto sector, and more. Check it out!

Stay Up to Date With The Latest News & Updates

Join Our Newsletter

Never miss a story. Sign up now and get the most important breaking news straight to your inbox.

Follow Us

Follow us on social media to get breaking news.