Bitcoin does not make a great deal of sense, according to billionaire Lee Coo...
The Omega Advisors chairman and CEO said people should be careful about Bitcoin, and suggested gold as a better store of value. By his own admission, Lee Cooperman still does not understand Bitcoin, despite BTC being up more than 300% since early December 2017.Speaking to CNBC on Thursday, the billionaire investor alluded to people his age having a hard time understanding Bitcoin, adding:“I’d be very careful with Bitcoin; I don’t think it makes a great deal of sense and if you are nervous about the world gold to me would be a better place to store value.”Cooperman’s statements on Thursday....
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When the Reagan Administration declared its “War on Drugs” during the 1980’s, one of their first methods of attack was to go after the huge sums of money generated by the criminal cartels, a tactic that proved extremely effective against the Columbian cartels. The law, known as “civil asset forfeiture” was structured to not only track deposits made by suspected criminals but to seize them as well. But anyone who knows how bureaucracies operate knows that laws such as this often result in a slippery slope, sweeping up the innocent along with the guilty more often than not. This might not be....
Bill Gates and president-elect Donald J. Trump had a telephone during which the Microsoft founder discussed his climate change views. The call didn’t leave the environmentalist billionaire totally depressed about the prospect of the next four years. Mr. Gates presented part of his climate change agenda for Mr. Trump in a phone call that the tech pioneer called “not unproductive.” The billionaire tech investor, and Bitcoin technology enthusiast, is a staunch proponent of combatting climate change with innovation. “The key point I was pushing there was the opportunity for innovation in not....
On Wednesday, the firm Blockchain.com announced it inked a deal with the NFL’s Dallas Cowboys as the team’s “exclusive digital asset partner.” The deal will bring Blockchain.com a great deal of exposure in terms of television, signage, and radio and the digital currency company will also have its own club space inside AT&T Stadium in Arlington, Texas.
Blockchain.com Becomes the ‘Exclusive Digital Asset Partner’ for the Dallas Cowboys
Blockchain.com is joining a large swathe of digital asset companies targeting sports as the firm that was....
Orlando Bravo, the billionaire who co-founded private equity firm Thoma Bravo, says he is very bullish on bitcoin, expecting the cryptocurrency to “increase significantly.” He described: “Crypto is just a great system. It’s frictionless. It’s decentralized. And young people want their own financial system. So it is here to stay.”
Billionaire Investor ‘Very Bullish’ on Bitcoin
Orlando Bravo, co-founder and managing partner of private equity firm Thoma Bravo, talked about bitcoin Wednesday at CNBC’s Delivering Alpha....