1 trillion # Bitcoin Who is right… Elon Musk vs Warren Buffett

'1 trillion' Bitcoin Who is right...  Elon Musk vs Warren Buffett

The bitcoin market, a leader in virtual currency, is hot.

According to CoinDesk, a cryptocurrency site, the price of bitcoin was formed at around $56,000 in the morning of the 20th (Korean time).

The highest price is in the 56,000,200 dollar range.

On the night of the 16th, the peak was raised again after exceeding the 50,000 dollar mark for the first time in history, followed by the 51,000 dollar level on the 17th and the 52,000 dollar level on the 18th.

As a result, the price of bitcoin has risen more than four times last year and has already risen more than 80% this year.

Bitcoin’s market capitalization also crossed the wall of 1 trillion dollars (about 1,100 trillion won) for the first time.

This is greater than the market cap of most companies around the world.

For example, more than $700 billion Tesla and less than $2 trillion worth of Apple, CNBC reported.

However, bitcoin supporters such as Twitter CEO Jack Doshi and Tesla CEO Elon Musk set fire, and Wall Street’s professional investors such as Paul Tudor Jones, Mike Novogratz, and Anthony Scaramucci poured oil and opened the market for investment. It is an aspect of not knowing how to do it and just getting hot.

Just looking at it, the term’thunderbolt’, which becomes poverty overnight due to changes in asset prices, has no choice but to listen.

I’m afraid to jump into the investment process late.

This is because there is a steady voice warning of bubbles from one side.

For example, Warren Buffett, who is known as an “investment guru,” or Bill Gates, a founder of Microsoft (MS) with a high knowledge in the field of science and technology, do not support Bitcoin.

So-called officials, such as the US Treasury Secretary Janet Yellen and the Federal Reserve Chair Jerome Powell, naturally show negative opinions on Bitcoin.

Even the best people and geniuses who sway around the world have different opinions about bitcoin.

Here are some of the comments they have made about Bitcoin in recent years.

It’s small in judgment, but I just hope it helps.

'1 trillion' Bitcoin Who is right...  Elon Musk vs Warren Buffett

◇ Elon Musk, CEO of Tesla
“At this point, I think Bitcoin is a good thing.

I am a Bitcoin supporter.

In 2013, a friend introduced bitcoin.

You should have bought Bitcoin 8 years ago.

Bitcoin will be widely accepted among traditional financiers.

“(In an interview on social media’Club House’ on February 1 of this year, based on local time below)
Tesla, led by Musk, announced on the 8th that it has invested in about $1.5 billion worth of Bitcoin, and Musk repeatedly expressed support for the cryptocurrency Dogecoin.

“Tesla doesn’t directly reflect my opinion, but holding a bit of bitcoin in a form of liquidity that’s’less stupid’ than cash is an exciting investment for companies in the Standard & Poor’s (S&P) 500.

I am not an investor, but an engineer.

Besides Tesla, it has no other publicly traded stocks.

But when the real interest rate of the legal currency is negative, it’s just a fool if you don’t find another way.

“(February 19th Twitter)

'1 trillion' Bitcoin Who is right...  Elon Musk vs Warren Buffett

◇ Twitter CEO Jack Doshi
“The world will ultimately have a single currency, and the Internet will have a single currency.

Personally, I believe it will be Bitcoin.

“(Press interview in 2018)
Square, a fintech company founded by Jack Dorsey, launched a bitcoin trading service in 2018 and invested $50 million in Bitcoin last year.

“Bitcoin is not functioning as a currency.

Highs and lows are similar to investment assets and gold.

As a currency, it should be made more useful and accessible.

I think the internet will have its own currency” (Australian press interview in September 2019)
Jack Dossey announced on the 12th of this month that it decided to create a fund by donating $23.6 million worth of bitcoins with Jay-Z, a famous American rapper.

The fund’s goal, named’B Trust’ after the initial letter of bitcoin, is to’make bitcoin the currency of the Internet’.

◇ Anthony Scaramuchi of Skybridge Capital managed by hedge funds
“There is not much supply and the demand is very high.

In my opinion, the price of Bitcoin will rise to $100,000 within the year.

“(Interview with CNBC on February 17 this year)
Skybridge Capital, founded by Skaramuch, who temporarily served as the White House Public Affairs Bureau in the early days of Donald Trump’s administration, is known to hold several hundred billion won worth of Bitcoin.

'1 trillion' Bitcoin Who is right...  Elon Musk vs Warren Buffett

◇ Berkshire Hathaway Chairman Warren Buffett
“Virtual currency basically has no value and produces nothing.

I don’t have cryptocurrency and will continue to do so.

“(Interview with CNBC in February 2020)

◇ MS Founder Bill Gates
“Bitcoin is speculative.

If there is an easy way, I will sell short.” (CNBC interview in May 2018)
“The way virtual currency works allows certain criminal activities.

It would be nice to get rid of that.

“(In an interview with the Wall Street Journal released on February 18th, when asked about technological advances that shouldn’t exist in this world)
“I don’t have bitcoins and I’m not selling them short.

I am taking a neutral position.

(CNBC interview broadcast on the same day)
Gates, like Buffett, whom he usually gets close to, was close to bitcoin opponents, but recently lowered the level of opposition and now used the expression “neutral” for himself.

'1 trillion' Bitcoin Who is right...  Elon Musk vs Warren Buffett

◇ US Treasury Secretary Janet Yellen
“I think a lot of cryptocurrencies are mainly used for illegal finance.

It is necessary to consider ways to reduce such use and prevent money laundering.”
“Bitcoin is a very speculative asset…(omitted)…it is very important to regulate the institutions that handle bitcoin and to keep accountability.

“(CNBC interview aired on February 18th)

Jerome Powell, Chairman of the Federal Reserve System
“Virtual currency has no intrinsic value.

Relatively modest investors think’this is good, I’ll buy it’, seeing that the price of cryptocurrency will go up, but there is no guarantee that it will.

There is also an issue of investor and consumer protection.

“(Remarks from the House Financial Services Commission in 2018)

/yunhap news

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