underlying technology behind bitcoin. Berkshire Hathaway 's capital anytime soon. Nothing sedates rationality like large doses of effortless money But a pin lies in wait for every bubble. On the bearish side of things, in a recent series of tweets, Cuban made it clear that he thinks bitcoin is in a bubble. Even so, don't count on Buffett buying bitcoin with. Warren Buffett was specifically asked for his views on bitcoin several years ago. The idea that it bitcoin has some huge intrinsic value is just a joke in my view. "I hope bitcoin becomes a better way to. Note: Warren Buffett missed the Dot Com bubble Bitcoin but still did okay for himself.
People get excited from big price movements, and Wall Street accommodates, he was"d as saying. In addition, the cryptocurrency was up nearly 380 percent this year through Thursday morning, according to data from industry website CoinDesk. "Healthcare, finance, etc all will use.".
But the famed investor never said he can predict exactly when bubbles peak, just that the feverish times will end some day. Bitcoin breaks all the rules. A check is a way of transmitting money, too. "Everyone always thinks that this time is different Cuban added. When I think back to the tech bubble of the late '90s, or especially to the housing bubble of the mid-2000s, this certainly makes sense. He went on to mention that when everyone is bragging about making easy money, it's a sign of a bubble. Its a mirage basically, Buffett said on cnbc in 2014.