Gemini's Tyler Winklevoss informs Bill Gates that actually he can short bitcoin

Gemini's Tyler Winklevoss informs Bill Gates that actually he can short bitcoin

"Gates clarified that though he thought the blockchain, the technology underlying cryptocurrencies that is being tested also in diamond-tracking as well as pig-tracking, is promising, "[Initial Coin Offerings] and Bitcoin are not producing anything, it's kind of a pure greater-fool-theory type investment".

"I like cryptocurrencies rather a lot lower than you do", Munger mentioned to Buffett. Buffett said the mystique behind the cryptocurrency has driven a surge in its price.

Bitcoin had been closing in on $10,000, but it fell almost 6% Sunday and was down another 2% Monday to just over $9,300.

Are you still a Bitcoin believer?

Renowned billionaire Warren Buffet on Monday said buyers of Bitcoin thrive on the hope they'll find other people who will pay more for it and called cryptocurrency as "rat poison squared".

"I agree I'd brief it if there was a very simple solution to doit", he explained.

Australian Day seizes PGA lead at Quail Hollow
Tiger Woods , who shot 3-under 68 to get to 1-under, walked off the course frustrated for the third consecutive day. Day, who won the Farmers Insurance Open in January, said he feels like he's close to the form he had at No. 1.

Berkshire vice chairman and longtime Buffett confidant Charlie Munger was much more blunt.

I like cryptocurrency even less than Warren does.to me it's just dementia.

One of the biggest names in the list of billionaire investors Warren Buffett is not particularly fond of bitcoin or the new digital era currency that took the world by storm a year ago. It's like somebody else is trading turds and you decide you can't be left out.

He first known as bitcoin a "mirage" in 2014 - again when it was buying and selling for about $600.

Buffett has also sworn that he will never buy cryptocurrencies, saying he does not understand the asset.

That's why some cryptocurrency experts think that investors should ignore Buffett's and Munger's repeated bitcoin bashing. Bitcoin and other digital currencies are just digital codes, hence, they are susceptible to fluctuation depending on the unreliable options of the trading stock of everyone. Still, that didn't keep singular Winklevii Tyler Winklevoss from weighing in with what is, dare we say, nearly an own.

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