What's Five Billionaire's Say About Bitcoin?
In recent times, bitcoin digital currencies have been busy all over the world. How not, in a year, bitcoin has strengthened more than 1,500 percent.
This reinforcement is already a lot of novice investors lured and buy bitcoin. However, many critics fear that bitcoin strengthening will ultimately have a harmful effect.
Then, how do investors and billionaires about bitcoin? To quote Forbes, Saturday (16/12/2017), here are their views on the digital currency.
1.Carl Icahn
Billionaire Carl Icahn who is also a seasoned investor with a remarkable track record says that he does not understand bitcoin.
"I do not understand it.If you are reading history books about bubble, this is what happened," said Icahn.
Many parties do see the strengthening of bitcoin will pose a risk of bubbles. Bubble condition is a commodity whose price is very high then plummeted, causing disruption to financial stability.
2.Warren Buffet
Billionaire and veteran investor Warren Buffett instead make it to avoid bitcoin. Reinforcement of bitcoin, likened to Buffett like a rocket.
"The idea (bitcoin) has a great intrinsic value is a joke.This is how to move money," Buffett said.
3.Jamie Dimon
As billionaire Jamie Dimon has a pretty extreme view of bitcoin. Dimon is CEO of Goldman Sachs, one of the largest banks in the world.
"Bitcoin is a bubble. (Bitcoin investors) are speculative people, thinking they can sell it for a high price, it's a bubble," Dimon said.
4.Ken Griffin
As billionaire Ken Griffin states, bitcoin is not the future of the currency. However, Griffin admits he will not see that bitcoin is a financial bank.
"Bitcoin has many elements such as the Tulip bulb euphoria," he said.
5.Jerry Yang
Meanwhile, billionaire Jerry Yang, founder of Yahoo said, bitcoin can not be said as a digital currency. Will, I believe digital can have a big role in society.
"But for now, it seems (bitcoin) is suspended for investment and crop yields, as opposed to transactions," Yang explained.