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RE: Daily: Buffett calls Bitcoin "Bubble" / Intel working with Ledger / Chinese Exchanges

in #bitcoin7 years ago

Warren has seen it all int the financial markets many times but I don't think that qualifies buffet is a tech expert. Peter Thiel knows his way around Tech.
I do think that there are plenty of Alt coins are going to zero

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Yeah Buffet only just recently invested into Apple. Thiel is the guy that would know tech investing better than others. In the time he took that early FB investment (2003) it looked like many blockchain start ups today.

Appeal to authority - fail. Identifying asset bubbles is not a matter of tech experience, the properties of a bubble are universal in speculative markets: people are buying something solely on the expectation or hope of price increases.