Trades Buffett in Forex

Warren Buffett's poisoned Bitcoin tip

Living legends are also wrong every now and then. In May 2018, Berkshire Hathaway founder and multibillionaire Warren Buffett warned about Bitcoin: “Stay away from it. Bitcoin and the other cryptocurrencies will come to a bad end ”. Today there is a lot of anger among those who have listened to Buffett.

Back then, in an interview with CNBCBuffett said to himself in a rage: "Bitcoin doesn't do anything. It's rat poison squared. "

Buffett's business partner Charlie Munger called trading in cryptocurrencies “just demented”.

When Buffett and Munger broke the cross over Bitcoin, the alternative currency was trading at $ 8,900. Today a Bitcoin costs 200 percent more.

It's not the first time Buffett has been wrong. The 90-year-old stuck with IBM forever even though the stock did badly. In 2017, Buffett sold Walmart stock when the company was just getting started online. Missed performance: 100 performance.

It also took Buffett an eternity to realize what great corporations Apple and Amazon are. The investor only bought Amazon in 2019 and amazed with the statement that he had admired from the beginning what Jeff Bezos had achieved.

DER AKTIONÄR has been speculating on Bitcoin in the AKTIONÄR depot since July. Performance since: 113 percent. But that should not be the end of the flagpole. The cryptocurrency will remain hot in 2021 as well.

Notice of conflict of interest:

The chairman of the board and majority owner of the publisher Börsenmedien AG, Mr. Bernd Förtsch, has taken direct and indirect positions on the following financial instruments mentioned in the publication or related derivatives that benefit from the price development that may result from the publication: Bitcoin.

Book tip: The crypto decade

Bitcoin was invented in 2008. A decade later, cryptocurrencies have made millionaires and are said to have the potential to change the world. We regularly encounter keywords such as Bitcoin, IOTA or blockchain in the media. In his book, Bitcoin star investor Robert Küfner looks back on the first ten years of digital currencies. Peppered with anecdotes from the world of cryptos, it lets the reader participate in an incredible development and shows what upheavals can be expected in the realm of Bitcoin and Co in the near future.

Authors: Küfner, Robert A.
Number of pages: 208
Release date: 20.09.2018
Format: Soft cover
ISBN: 978-3-86470-600-4