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02 May 2021, 07:05 pm (Photo : Screenshot From Commons.Wikipedia.org) Warren Buffett Alright with Vice Chairman Says He s Disgusted With Cryptocurrency Success While the likes of Elon Musk are celebrating the rise of cryptocurrency, other investors who have been around longer than Tesla and SpaceX CEO sometimes gravely disagree. Charlie Munger, the Vice Chairman of Berkshire Hathaway, famous for being Warren Buffett s right-hand man, gravely disagrees with Bitcoin. Charlie Munger Bitcoin Quote Bitcoin News on Twitter quoted the Vice Chairman s thoughts regarding cryptocurrency linking an article to his statements. At the Berkshire Hathaway s regular annual shareholder meeting on Saturday, Charlie Munger gave a comment about Bitcoin in a Q&A session. ....
30 April 2021, 12:04 am (Photo : Screenshot From Pexels Official Website) Elon Musk Reacts to Theory that Crypto Uses too much Energy With Explanation of Hypocrisy Tesla CEO Elon Musk has been very vocal about his fondness for cryptocurrency despite the general consensus of a lot of his high-profile competition. There have been theories and beliefs pioneered by a lot of his competitors including Microsoft s Bill Gates about how cryptocurrency is actually bad for the environment since it uses way too much electricity. Bitcoin Energy Problem? According to FoxBusiness, Bill Gates noted in an interview that Bitcoin actually takes more electricity per transaction in comparison to any other method that is currently known to mankind. He then gave a firm statement saying it is generally not a great climate thing. ....
23 April 2021, 07:04 pm (Photo : Screenshot From Pexels Official Website) Crypo $300B Market Dump was Caused by Traders Fearing Increased Capital Gains Tax Traders fearing the increase in total capital gains tax in the United States have caused crypto to massively drop. An investment manager even notes that sellers probably jammed the whole market as bids started to disappear. Crypto Market Value Drop The total value of the crypto market has reportedly declined by hundreds of billions of dollars this Friday but still seems to be recovering nearing the close of the business week, according to a Tweet by CoinDesk. The price of bitcoin reportedly fell over the course of the past 24 hours. The asset reportedly dipped as low as $47,875 at around 4 AM ET according to CoinDesk 20 data. ....