Mark Cuban says crypto crash highlights Warren Buffett's wisdom
The billionaire crypto investor admits there are still hard times ahead for most financial markets, but says that as long as the crypto space produces new tech, it will be fine. Billionaire crypto investor and owner of the Dallas Mavericks Mark Cuban says the current market downturn reminds him of a well-known adage uttered by Warren Buffett.Cuban sees a parallel between the rise and fall of crypto markets and projects, and the 91-year-old ‘Oracle of Omaha’s aphorism that: "Only when the tide goes out do you discover who's been swimming naked."Cuban’s observation was revealed during a....
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Berkshire Hathaway CEO Warren Buffett says he won’t buy all the bitcoin in the world for $25. Meanwhile, his longtime business partner and right-hand man, Charlie Munger, says bitcoin is stupid and evil, noting that the cryptocurrency makes him look bad. Warren Buffett Explains Why He Won’t Buy Bitcoin Warren Buffett and Charlie Munger talked about bitcoin during Berkshire Hathaway’s annual shareholders meeting Saturday. Buffett is Berkshire’s CEO and chairman of the board. Munger, often known as his right-hand man, is the company’s vice chairman of the....
Raising the minimum wage is not the answer, according to Buffett. An earned income tax credit is a solution he prefers, as it should have a more positive effect. Financial experts are on the fence about the current state of the US economy. Many people seem to believe everything is on the right track, but that is not necessarily the case. Warren Buffett issued a clear warning to the rest of the world, by highlighting the weakened state of the economy. In fact, he even mentions how the rich guys are still getting the upper hand, rather than creating a more diversified playing field. Any....
The billionaire investor and television personality, Mark Cuban recently did an interview on the recent episode of a podcast and discussed crypto assets at length. Cuban says his cryptocurrency portfolio is 60% bitcoin, 30% ethereum, and the rest is dedicated to smaller cap cryptos. Mark Cuban Shares His Crypto Portfolio Allocations Mark Cuban is a well known investor, one of the hosts on Shark Tank, and the owner of the National Basketball Association’s (NBA) Dallas Mavericks. For years now, Cubans and some of his fellow Shark Tank co-hosts have been discussing cryptocurrencies and....
Master investor and chairman, CEO of Berkshire Hathaway Warren Buffett, isn't shy about his financial opinions. Appearing on CNBC Friday to discuss an NCAA-related contest, Buffett weighed in on a number of topics, including bitcoin. "Stay away from it," he was quoted as saying in a transcript. "It's a mirage basically." He said that the idea bitcoin might have "intrinsic value is just a joke." On a positive note, Buffett did acknowledge that bitcoin was "a very effective way" of transmitting money, but added that so were checks and money orders. This isn't the first time Buffett has....
When Warren Buffett speaks, like the old EF Hutton commercials used to say, people listen. Older people at least. He is nothing less than a master investor, with an unparalleled history of success and influence. And since people tend to follow leaders, and need to be led, he can banish a stock or industry to junk bond status at any time. His recent comments for the coming year now include Bitcoin, and his commentary is not pretty. Also read: 2014 - The Best and Worst Year for Bitcoin So Far. Warren Buffett: Stay Away From Bitcoin. A little background on Warren Buffett. He seems to have a....