"If there was an easy way to do it, of course I reduced it."
"People like to speculate, they like to gamble".
Like other cryptocurrency bears, Bill Gates conceded that blockchain, the technology behind bitcoin, can be very useful but said virtual currencies are nothing more than insane, speculative investments.
Buffett said that person did the right thing - selling bitcoin - and said investing in shark's teeth, seashells or tulip bulbs follows the same principle: hoping someone else offers a higher price.
Bill Gates, Microsoft Co-founder, also was bearish about cryptocurrency when he spoke in the same interview on Monday.
In his joint interview with legendary investor and CEO of Berkshire HathawayWarren Buffett and the company's vice chairman Charlie Munger for CNBC, he expressed his view on the nature of Bitcoin and its future. What Buffett was saying about bitcoin was that you can buy it, but it will never produce anything of value.
When asked by another attendee about the cryptocurrency craze, Buffett admits that these digitalized coins will "come to bad endings". Besides the speculative nature of ICOs, Gates also appears to be on board with the criticism of Bitcoin as dependent on the "Greater Fool" theory. Many Wall Street big times, such as Jamie Dimon, the CEO of JPMorgan Chase dismiss cryptocurrencies as they are not traditional and see no room for them, but Bill Gates is surprising.
The report added that the plan has "not been finalized and the project could still fall apart", but the mere fact that it is even being considered adds to growing mainstream acceptance of bitcoin as an asset class that has a legitimate goal for investment.
Of course, if Gates really wanted to short bitcoin, he has a variety of options. After the shares collapsed about a third of their value, they started bouncing back and Buffett immediately sold his shares thus earning a small profit. Interestingly enough, some of the more vocal detractors of Bitcoin include some of the richest men in the world.
Bears believe Buffett's comments are worthy of consideration.
California's housing department estimates that the state needs to build 180,000 new housing units annually to keep prices stable. California , the 5 largest economy in the world, is about to mandate the installation of solar panels in all the new homes.
While Gulf petro-states stand to benefit from a rise in prices, the U.S. move could mean new fissures in the region. Trump has consistently been a harsh opponent of the Iran deal, calling it "the worst" and "defective at its core".
Called "Spire of Stars", players can courageous the new gauntlet for better loot when it goes live on May 11th. Destiny 2 Warmind DLC features a brand new story that takes place on the polar ice caps of Mars.
Trainer Todd Pletcher, whose four Derby horses included third-place Audible, gave no indication of Preakness plans. Television ratings for the Kentucky Derby , telecast by NBC Sports, dropped to their lowest level in six years .
SVS hit GBX 967.5 during the last trading session after GBX 2.5 change.Savills plc is after having 0.00% since May 6, 2017. Shore Capital reaffirmed a sell rating on shares of esure in a research note on Friday, January 19th.
Early in the midterm election cycle, Republicans had hoped that winning Manchin's seat would increase their slim Senate majority. He added that the "institution would be misinforming him because they usually do not desire me to function as from the U.S.
Two miners were rescued on Saturday after the tremor caused part of the tunnel where they worked to collapse. The state mining supervisor said the quake was a type that can occur in coal mines deposits are removed.
Isolated globally, the Trump administration has gone ahead with its plans to open its embassy in Jerusalem. The global community considers the annexation illegal and considers east Jerusalem as occupied territory.
Warriors Open as Series Favorites over Rockets
According to SportsLine data scientist Stephen Oh, the Warriors have a 62.2 percent chance of winning the series. "They got us. This is a huge indication that the gambling world attributes the Rockets superior regular season record to Warriors injuries.
Armenia's president appoints Pashinyan as prime minister
He went into hiding but surrendered in 2009. "On the other hand, as the protest movement has shown, he can be flexible", he said. Pashinyan said the protest movement empowered ordinary Armenians, showing them they could determine the future of their country.
Tiger and Phil improve relationship with age
In 2001, Woods famously made his long "better than most" putt at the par-3 17th during the third round with Mickelson as witness. Of course, injuries to Woods and the inconsistent play of Mickelson have caused each to slip down the rankings in recent years.
Bill Gates Warning To All Bitcoin Investors
A trader that sells a futures contract in anticipation of the decline in bitcoin earns money if the purchase price will not shed. Winklevoss along with also his brother Cameron had $1 1 million in bitcoin at $120 a coin in April 2013 .
Apple's working on a triple-camera iPhone
Previously numerous Apple's iPhone X users have come up connecting the breakdown of the Face ID with the back camera of the phone. The report shows a research note from Yuanta Securities, which claims that Apple might launch an iPhone with three cameras .
Cavaliers 128 - Raptors 93: Not even close
For example, when the Raptors needed him most, DeMar DeRozan failed to step up, scoring just 21 points total in Games 3 and 4. "But we've been in all three games, we've had chances to win pretty much all three games, being up in some of the games".
Browns Have Baker Mayfield Doing Extra Work Under Center
There's a reason why Russell Wilson and Drew Brees are the only quarterbacks in the league who are starting at 6-0 or less. The guy you're comparing him to [Taylor] has played a lot of games, and won games in the National Football League".
Lebanon votes in first election in a decade
Interior Minister Nouhad Machnouk said voter turnout reached between 8-20 percent by 2.15 p.m. (1115 GMT). Faisal Karami, the son of the late pro-Syrian Prime Minister Omar Karami, won a seat for the first time.