tisdag 18 mars 2014

What Warren Buffett says about Bitcoins

I read CNBC news and pick up this clear explaination of the digital currency Bitcoin:
http://fw.to/Yun2jnb

In response to a question about the cryptocurrency from Quicken Loans founder Dan Gilbert, Buffett said:
"It's a method of transmitting money. It's a very effective way of transmitting money and you can do it anonymously and all that. A check is a way of transmitting money, too. Are checks worth a whole lot of money just because they can transmit money? Are money orders? You can transmit money by money orders. People do it. I hope bitcoin becomes a better way of doing it, but you can replicate it a bunch of different ways and it will be. The idea that it has some huge intrinsic value is just a joke in my view."
One prominent investor, venture capitalist Marc Andreessen, took a shot at Buffett for his comments.

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