Warren Buffett Tops Jamie Dimon in Battle of the Bitcoin Bears

Warren Buffett Tops Jamie Dimon in Battle of the Bitcoin Bears

· June 9, 2018 · 2:00 pm
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In case you have been questioning, neither Warren Buffett nor Jamie Dimon have modified their minds in regards to Bitcoin. 

‘Which one of you hates Bitcoin more?’

Warren Buffett — an American enterprise magnate, investor, and CEO of multinational conglomerate holding firm Berkshire Hathaway — is one of the most notoriously bearish people in the conventional finance area relating to Bitcoin.

Likewise, JPMorgan Chase’s chairman and CEO, and former member Federal Reserve Bank of New York’s board of administrators, Jamie Dimon, has additionally lengthy been a poster boy for Bitcoin haters.

The pair of nonbelievers appeared collectively on CNBC’s “Squawk Box” earlier this week, the place the query was posed: “Which one of you hates Bitcoin more?”

Buffett: ‘I set a high standard’

Buffett replied to the query:

“I set a high standard. I don’t know whether Jamie can top me or not.”

Warren Buffett Gets Trolled by Crypto Miner for His Negative Bitcoin Comments

Indeed, it’s arduous to prime calling the at the beginning cryptocurrency “rat poison squared” — which is strictly what The Oracle of Omaha known as Bitcoin at the annual Berkshire Hathaway shareholder assembly this yr.

Buffett additionally beforehand said:

In phrases of cryptocurrencies, typically, I can say with virtually certainty that they are going to come to a foul ending. If I might purchase a five-year placed on each one of the cryptocurrencies, I’d be glad to do it however I might by no means quick a dime’s value.

Dimon: ‘I don’t need to be a bitcoin spokesman’

Jamie Dimon appeared comfortable to let Buffett be the greatest hater, telling CNBC:

I don’t need to be a bitcoin spokesman. Just beware.

Dimon Nowhere To Be Seen

Dimon is well-known by Bitcoin proponents for calling cryptocurrency’s market chief a “fraud” in September of final yr. He additionally beforehand said:

If we had a dealer who traded bitcoin I’d hearth him in a second for 2 causes. One, it’s towards our guidelines. Two, it’s silly.

After drawing quite a bit of warmth for his hatred, Dimon has since backed off. In January, Dimon walked back his statements, explaining:

I remorse making them. The blockchain is actual. You can have crypto Dollars and Yen and stuff like that. ICO’s it’s a must to take a look at individually. The bitcoin to me was all the time what the governments are gonna really feel about bitcoin because it will get actually huge, and I simply have a unique opinion than different individuals. I’m not that a lot in the topic in any respect.

What do you consider Warren Buffett’s well-documented opinions concerning Bitcoin? Do you suppose Jamie Dimon regrets his earlier statements? Let us know in the feedback under!

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