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Dubai Will Issue First Ever State Cryptocurrency
Cryptocurrencies Expected to Cause “Massive Disruptions” – IMF Managing Director
Nobel-winning economist Shiller calls bitcoin a fad
Unsurprisingly, Buffett thinks coin offerings will end badly. “People get excited from big price movements, and Wall Street accommodates,” he said.
Bitcoin the mother of all digital currencies, currently trades at around $5,700, with a market cap now surpassing $90 billion. Still, Buffett remains skeptical, saying: “You can’t value bitcoin because it’s not a value-producing asset.” He added that there’s no telling how far bitcoin’s price will go and described it as a “real bubble in that sort of thing.”