Warren Buffett might convert to Bitcoin -- Dr. Doom already here.

Author: 
R.R. Hauxley
Date: 
March 17, 2019
Read time: 
2 minutes
Bitcoin
Marc Faber

As a CryptoManiak I tend to be zealous about crypto -- regardless of markets. But today marks a day that pushes me even further into the bull zone. Marc Faber, famed Swiss Investor who predicted the financial crash of 1987 -- and used it to fuel his $25 billion of wealth -- recently bought his first Bitcoin!

As a CryptoManiak I tend to be zealous about crypto -- regardless of markets. But today marks a day that pushes me even further into the bull zone. Marc Faber, famed Swiss Investor who predicted the financial crash of 1987 -- and used it to fuel his $25 billion of wealth -- recently bought his first Bitcoin!

Dr. DOOM

Marc is known as Dr. Doom on account of his fame as a permabear. The man even writes a monthly market report titled: Gloom, Boom, and Doom. He’s generally a sourpuss about markets and such, and never shied away from predicting Bitcoin’s death.
Recently, however, he went on the German finance website Cash -- and revealed he wanted to learn more about cryptocurrencies after a “one-hour talk” with Wence Casares, CEO of Xapo, and numerous young readers of Dr. Doom’s articles convinced him to dive in. Who knows, maybe his readers were inspired after reading our Ultimate Beginners Guide.

Warren Buffet next to try digital gold?

Warren Buffet and Dr. Doom are all too similar. They’re part of the old guard. They like things the way they are, they’ve already accumulated more money than they could ever spend, and now they’re quite comfortable telling other people what to do. Warren Buffett certainly hasn’t shied away. He once called Bitcoin “rat poison” and a “delusion.”

cryptomaniaks

But just like old Dr. Doom -- his old guard ways are giving in. CNBC’s Squawk Box interviewed him -- and Buffett praised blockchain:

It’s a very ingenious thing to figure out how to have a limited supply and make it harder and more expensive to create. This is explained to me by people a lot smarter than I am.

These words and actions by two titans of industry are sensational. Doubly so since they are being made in the middle of a bear market. During a bull run I might say that euphoria has gripped these old geezers. But no, if they are trying BTC and speaking about BTC in the middle of a downtrend -- then they are looking at the fundamentals of cryptocurrency… and they like what they see.

Posted by R.R. Hauxley

R.R. Hauxley traveled around the world ... on 1 Bitcoin. 18 countries, 12 months, 1 Bitcoin. Along the way he met and interviewed the sharpest, brightest minds in crypto today: Vitalik Buterin, Charlie Lee, and more. These travels solidified in him the truth: cryptocurrencies will set us free. Today Rafael educates the crypto curious and continues investing in refreshing, innovative, success driven projects.

Comments

Add new comment

CLAP

Share

text