You are at: Home » Bitcoin Obituaries » 2018 » “Jamie Dimon and Warren Buffett Have the Last Laugh on Bitcoin” – Bloomberg | $4,554

“Jamie Dimon and Warren Buffett Have the Last Laugh on Bitcoin” – Bloomberg | $4,554

The cryptocurrency experts, who clearly didn’t see this coming, are blaming all sorts of temporary culprits — from jittery markets to “hard forks” (blockchain jargon for radical technical changes in a digital currency). But they’re kidding themselves. This is a long-term unraveling of all of the lies, exaggeration and populist fantasies that drove last year’s market mania.

Nothing on the Bitcoin label turned out to be in the bottle. As a means of payment, it is cumbersome, volatile and expensive. It has destroyed value rather than storing it. Its decentralized technology was sold to investors as being unique. It has been anything but.

Eulogy made by Lionel Laurent

Source

Free Bitcoin Crash Course

Learn everything you need to know about Bitcoin in just 7 days. Daily videos sent straight to your inbox.

We hate spam as much as you do. You can unsubscribe with one click.
We hate spam as much as you do. You can unsubscribe with one click.

Leave a Reply

avatar
  Subscribe  
Notify of
Scroll to Top