{"id":331050,"date":"2018-05-06T13:37:43","date_gmt":"2018-05-06T13:37:43","guid":{"rendered":"https:\/\/wncen.com\/?p=331050"},"modified":"2018-06-20T15:16:47","modified_gmt":"2018-06-20T15:16:47","slug":"no-bitcoin-didnt-drop-warren-buffett-compared-rat-poison","status":"publish","type":"post","link":"https:\/\/wncen.com\/opinion\/no-bitcoin-didnt-drop-warren-buffett-compared-rat-poison\/","title":{"rendered":"No, Bitcoin Price Didn’t Drop Because Warren Buffett Said it is Rat Poison"},"content":{"rendered":"

In the world of bitcoin, there are a lot of conflicting opinions. This is especially true when it comes to the bitcoin price, which is always a subject of heavy debate. Warren Buffett recently claimed Bitcoin is worse than “rat poison squared.” Leave it up to the media to claim this is the main reason why the Bitcoin price is dropping slightly over the weekend. <\/span><\/p>\n

The Opinion by Warren Buffett is Meaningless<\/b><\/h2>\n

While everyone in the world is entitled to their opinion, it doesn’t make them right by default. <\/span>Warren Buffett<\/span><\/a> illustrates that point rather clearly. More specifically, he called Bitcoin “rat poison squared.” This is not a surprising development, as Buffett has opposed Bitcoin for as long as most people remember. Whether this is due to misunderstanding or just an unfounded bias, remains to be determined. <\/span><\/p>\n

It is interesting to see how Warren Buffett continues to oppose Bitcoin. Despite his strong opinion, the world’s leading cryptocurrency has done just fine. Any opinion he spouts to the media will not impact the BTC value by any means. Even so, leave it to the mainstream outlets to claim that is exactly the reason for Bitcoin’s temporary price dip. <\/span><\/p>\n

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#Bitcoin<\/a> drops as Buffett compared bitcoin to rat poison at Berkshire Hathaway's annual meeting. 87-year-old investor said bitcoin would "definitely come to a bad ending." https:\/\/t.co\/azMllgnd63<\/a> pic.twitter.com\/5j2Y77oPu6<\/a><\/p>\n

— Holger Zschaepitz (@Schuldensuehner) May 6, 2018<\/a><\/p><\/blockquote>\n