latest Crypto World News

Search and discover the latest Cryptocurrency updated Stories in Categories.

24-7 Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources.

Top 5 Bitcoin Critics And Where Do They Stand Today?

Bitcoin has the world divided into believers and skeptics. Even as proponents and staunch supporters like the Winklevoss Brothers, Brian Armstrong and John McAfee pledge their support for Bitcoin and cryptocurrencies that followed, some heavyweights in the finance, investment and technology sectors are quite anti-Bitcoin. Today, we take a look at 5 Bitcoin critics and where they stand today.
Warren Buffet
If you have ever wondered “ what does Warren Buffet think of Bitcoin? “, you can rest assured that the answer will not be a very positive one. This billionaire who frequently finds his name towards the top of rich lists clearly is an experienced investor.
He has clearly not made his fortune without knowing a thing or two about finance works. However, if you do go with his opinion and understanding of Bitcoin, you will stay far far away from it. Blaming its unregulated status, its instability and the bubble-like hype around it, this top boss of the Berkshire Hathaway group has made his opinion about quite openly known.
He has gone on record to say he would rather buy rat poison than Bitcoin and there could hardly be a stronger statement than that. As of now, his opinion remains the same.
Nouriel Roubini
Nouriel Roubini, an economist par excellence, has also dissed Bitcoin and other cryptocurrencies, saying that trading on these constitute a “big manipulative fraud”.
You May Also Read: Cryptocurrency Trading, In A Layman’s Terms
Dismissing the opinion of this critic is not easy as he is the one who had been able to predict the 2008 crash. However, his anti-crypto stance has been quite vocal and vehement, as he thinks it is a great scam. His opinion, like Buffet’s, also has not changed.
Joseph Stiglitz
This is another economist of repute who really does not like Bitcoin. In fact, he has gone on record to suggest that Bitcoin should be outlawed.
He is of the opinion that the moment regulation is introduced into the world of Bitcoin, it will collapse and disappear without much of a trace.
Bill Gates
For most 90s kids, Bill Gates is practically synonymous with wealth and success.
Therefore, when he criticizes some form of asset or security, it is indeed a cause for concern. Now Bill Gates has praised blockchain technology in glowing terms but when it comes to Bitcoin, he has called it “a pure “greater fool theory” type of investment”.
He has also said Bitcoin is not easy enough to short for him to invest in it. Till date, he has not gone back on these words and still seems to be skeptical about Bitcoin.
You May Also Read: Are Cryptocurrencies A Shady Scheme?
Robert Shiller
Shiller is a Nobel laureate economist which obviously gives him a great deal of credibility in terms of opining about Bitcoin and investments.
He has said that Bitcoin seems like a bubble. In fact he has even said Bitcoin is likely to get extinct in about 100 years.
Here Are A Few Other Articles For You To Read Next:

Does Microsoft Still Accept Bitcoins?
Does Starbucks Accept Bitcoins?
Top 10 Must Read Bitcoin Trading Tips shares this Contents with License.

Thank you for Share!


Search Crypto News


The latest Top News, from up to 70 Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed simple and intuitive, usable by all Devices, fast and effective.


24h Most Popular News

Professional Managed Trading Fund