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Why Warren Buffett Abuse Bitcoin?


American TV presenter and bitcoin optimist Max Keiser attacked the billionaire investor and CEO of Berkshire Hathaway Warren Buffett and his vice-president Charlie Manger.

Recently, Buffett compared bitcoin and other cryptocurrencies with “rat poison in the square,” and Munger called the fascination with them “dementia.” Such comments triggered the reaction of millions of supporters of the crypto-currency market.

In response, Max Keiser, a well-known film director, and TV host, in his Keiser Report program on RT, indignantly stated:

“Bitcoin is a reaction to Warren Buffett and his friends, the corrupt capitalists. They do not want to descend from the pedestals of the clan capitalism and refuse from the free money of the central banks, so they attack the crypto-currencies. “

Adding oil to the fire, Manger recently stated that the trade in crypto-currencies is “an occupation for those with an underdeveloped childish mind.”

Earlier, the 94-year-old Harvard graduate also said that Bitcoin is “the top of senility”. In an interview with Yahoo! Finance, he called the flagship cryptocurrency “antisocial, stupid and immoral”.

Keiser reacted to these comments, saying that the cryptocurrency would soar above $ 30,000 “right before Manger’s demise”.

Earlier, Keiser claimed that bitcoin could reach $ 100,000.

Without mentioning the time frame, Keiser said that it is possible to predict the future growth by analyzing the situation in the current crypto-currency market.

It is noteworthy that the famous crypto-enthusiast John McAfee several times with certainty expressed that by 2020 the price of bitcoin will reach $ 1 million.

Meanwhile, another billionaire and “bitcoin bull” Mike Novogratz said that it would be “irresponsible” not to have bitcoin in the investment portfolio.

Also, according to him, investors should keep 1-2% of their funds in this cryptocurrency.

He noted that people should invest in crypto-currencies because ultimately the technology of blockchain will significantly affect our lives.

Managing Partner of Fundstrat Global Advisors, Tom Lee, in turn, published a detailed forecast on how and when the bitcoin price will reach $ 39,000, linking his predictions to current activity in the mining industry.

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