Hey Steemians,
Bitcoin is the digital currency which has been hitting record life time highs and people have made a fortune from this Cryptocurrency who stayed invested in it since years. A lot of traders as well as investors have speculative investments in Bitcoin assuming or seeing Unlimited Growth with No Upper Limit in BTC.
But not everyone, even after seeing huge growth in this Digital Currency, is in favor of investing in Bitcoin. Even the most respected Billionaires in world have very different opinions on Bitcoin.
Warren Buffett, one the most reputable and respected Wall Street Investor worldwide feels that Bitcoin is not the currency worth to be stay invested in. In his last interview with CNBC in 2014, he has particularity advised to stay away from Bitcoin. Rather after his advice, we have seen Bitcoin telling clearly to everyone that SKY IS THE LIMIT.
In the latest interview with CNBC, Saudi Billionaire Alwaleed bin Talal also have the similar or even harsher view in Bitcoin. He mentioned that Bitcoin doesn't not make sense because it is not regulated, not under anyone's control or supervision. Obviously because it is a decentralized digital currency. He might be referring to Government in this scenario. He further extended his view comparing Bitcoin to Enron, as US energy trading giant declared bankrupt in 2001 leading to massive financial fraud.
Last month we also heard Jamie Dimon, JP Morgan CEO referring Bitcoin as a Fraud which will blow up eventually. He also issued a statement mentioning that he will expel any trader in a second who tried to get into Cryptocurrency.
We also have people who are great fans of Bitcoin as well as Blockchain Technology and Richard Branson, Billionaire Entrepreneur is one of them. He has referred Blockchain as "Economic Revolution". He has also shared his views about benefits of using Blockchain Technology to solve the problem of Land Titling System majorly in developing countries where titles are forged and legitimate property owners are cheated. He has been organizing Annual Blockchain Summit since two years personally on his islands to discuss and share numerous ideas and partnerships amongst Blockchain Entrepreneurs and Enthusiasts.
I too personally believe in Bitcoin & Blockchain potential but I am not a certified financial advisor. Everyone, I believe, should have their on study and research before investing in any Cryptocurrency. Infact any kind of investments should be done carefully and at your own risk.
Please share your opinions. Your comments/suggestions are most welcomed.
