Legendary Investor Bill Miller: 'Bitcoin Could Be Rat
Bill Miller calls Bitcoin Rat Poison for Cash. BTC $35, 🔴Subscribe For More Bitcoin News ⚠️Exclusive Crypto Content chessstar.ru 🚨. Bitcoin could be rat poison, and the rat could be cash.” Miller started his letter by explaining how each new year often paves the way for various financial predictions. Financial expectations and projections can be worthless, however, as proven by the unexpected COVID pandemic and its ripple effects, according to Miller. Bitcoin could be rat poison, and the rat could be cash." Miller added Bitcoin is "best thought of as digital gold." So far, Miller's predictions for digital currencies have been correct. In. The asset that legendary investor Warren Buffett once called a “rat poison” is looking like nectar in Bitcoin, the world’s largest cryptocurrency by market capitalization, surged up to 53 percent in a much-needed bullish recovery session. Rat poison? Echoing Warren Buffett’s infamous line that bitcoin is “rat poison squared,” heavyweight investor Bill Miller said that could be true, but “the rat could be cash.” In his Q4.
Bitcoin Is Rat Poison
In other words, bitcoin has plenty of utility when it comes to illegal money laundering. But by far the best quote comes from iconic Wall Street investor Warren Buffett, who famously called bitcoin. The Oracle of Omaha has been a vocal bitcoin bear.
Buffett once said bitcoin is "probably rat poison squared.""In terms of cryptocurrencies, generally, I can say with almost certainty that they. Before the Berkshire annual meeting on Saturday, Buffett told CNBC that bitcoin was "probably rat poison squared." During the meeting itself, Buffett joked that "if you had bought gold at the time. Buffett once said bitcoin is “probably rat poison squared.” “In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending.
If I could buy a five-year. Warren Buffett warned investors again not to invest in bitcoin. Bitcoin is “probably rat poison squared,” he said, according to CNBC’s Becky Quick. Buffett. While speaking at the eagerly awaited Berkshire Hathaway annual shareholder meeting in Omaha, Nebraska, on Saturday, he said that bitcoin is "probably rat poison squared," reports CNBC.
When Buffett calls Bitcoin “rat poison,” what he means is that it’s a “bubble” asset with no intrinsic value. In a CNBC interview, he said he’d put a five-year put on every single. Back then it was about a hundred plus dollars per bitcoin. Today, it’s nine thousand. Is it still rat poison? Warren E. Buffett: Well, it’s probably rat poison squared. On May 5, Becky Quick of CNBC tweeted about Buffett’s remark: 6 @WarrenBuffett on bitcoin just now: “it’s probably rat poison. According to veteran investor Bill Miller, Warren Buffett would be right in calling Bitcoin “rat poison” but in this case, rats could be cash.
Miller’s latest bullish comments on the digital asset came in his 4Q Market Letter which was released on Tuesday. Warren Buffett famously called bitcoin ‘rat poison.’He may well be right.
Bitcoin could be rat poison, and the rat could be cash. Growing Demand for BTC In the meantime, to support his assertions about BTC, the fund manager points to the growing demand for bitcoin by large companies like Square Inc, Massmutual, and Microstrategy. But he never compared the shiny metal to rat poison. He also compared Bitcoin to a button and speculated on its limited utility, equating it to a mere token.
That’s what Buffett’s “beef” with. One of the most famous bitcoin cynics is Warren Buffett. Equally famous (and anathema to crypto aficionados) is his remark that bitcoin was “probably rat poison squared.” However, Miller flipped that quote on its head in his letter.
“Warren Buffett famously called bitcoin ‘rat poison.’ He may well be right. Bitcoin could be rat poison, and the rat could be the cash,” he wrote in an analysis note. Current monetary policies tend to devalue currencies. Bitcoin is therefore an investment to protect against the loss in value of cash. Bitcoin is “best thought of as digital gold, but it has many advantages over yellow metal,” says Miller.
Bitcoin could be rat poison, and the rat could be cash,” Miller noted in this Q4 market newsletter, adding that the cryptocurrency has many advantages over gold as an inflation hedge. Legendary. Famous investor and Berkshire Hathaway (NYSE: BRKa) CEO Warren Buffet called Bitcoin "probably rat poison squared" back in In his fourth-quarter market letter, financial analyst Bill. When Buffett calls Bitcoin “rat poison,” what he means is that it’s a “bubble” asset with no intrinsic value.
In a CNBCinterview, he said he’d put a five-year put on every single. Bitcoin could be rat poison, and the rat could be cash.” Miller adds that Bitcoin was the best performing asset category ingiving it a bigger market capitalization than the largest bank in the US by assets, JPMorgan Chase, and Warren Buffett’s investing conglomerate, Berkshire Hathaway. For many years, the business tycoon Warren Buffet has condemned bitcoin as an investment telling people that the crypto asset is nothing but gambling.
Two years ago, just before a Berkshire Hathaway annual shareholder meeting, Buffet said bitcoin is “probably rat poison squared.”. Max Keiser described bitcoin as “rat poison for Buffett” as BTC has exploded by over % since the prominent investor called it “rat poison squared.” It has been less than three years since one of the most celebrated traditional investors, Warren Buffett, famously called bitcoin “rat poison squared.”.
Warren Buffett famously said Bitcoin is rat poison. What Warren neglected to elucidate what the rat was. It is the USD. It is going to die a slow and torturous death, as all fiat currencies will.
Tyler Durden Blog | "Rat Poison Squared" Bitcoin Tops $29k
Is bitcoin a poison as Warren Buffet estimated in ? Maybe yes, but as long as you consider that the rat is cash. Bitcoin would thus be a remedy for inflation and the devaluation of fiat currencies. Billionaire Warren Buffet's stance on Bitcoin is no secret.
“Bitcoin is ingenious, but bitcoin has no unique value. Per his words, “Bitcoin could be rat poison, and the rat could be cash.” Several public companies have diversified their cash holdings into bitcoin in the second half ofinducing MicroStrategy and Square, buying up billions worth of the flagship cryptocurrency. Bitcoin hasn't produced anything," Buffett says.
Buffett had previously called bitcoin "rat poison squared," and Berkshire's vice chairman Charlie Munger said trading in cryptocurrencies is "just.
Warren Buffett blasted Bitcoin as a worthless delusion and 'rat poison squared.' Here are his 16 best quotes about crypto. On Saturday, during Berkshire Hathaway’s annual shareholder meeting, Buffett said bitcoin is “probably rat poison squared.” The company’s vice chairman, Charlie Munger called the cryptocurrency a “turd” and investing on it is “just dementia.”.
Warren Buffett Calling Bitcoin “Rat Poison Squared” Is a Great Reason to Buy Some. Bitcoin is a total paradigm shift that is reshuffling the cards. Sylvain Saurel. Follow.
TMF: Re: Bitcoin / Berkshire Hathaway
Warren Buffett blasted Bitcoin as a worthless delusion and 'rat poison squared.' Here are his 16 best quotes about crypto. Bitcoin has skyrocketed as much as % in the past year to record highs.
An asset with no value Munger's antipathy toward bitcoin is well documented. In the past couple years alone, he has variously described Bitcoin as " rat poison " and " noxious." At the annual.
"Rat Poison" Bitcoin Outperformed Most Traditional Asset
Is bitcoin a poison as Warren Buffet estimated in ? Maybe yes, but on the condition of considering that the rat is the cash. Bitcoin would thus be a remedy against inflation and the devaluation of fiat currencies.
Billionaire Warren Buffet’s stance on Bitcoin is no secret. “Bitcoin. Buffett once said bitcoin is “probably rat poison squared.” “In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending.
If I could buy a five-year put on every one of the cryptocurrencies, I’d be glad to do it but I would never short a .