The Berkshire Hathaway annual shareholder’s meeting was held this past weekend, and it featured a number of high-profile comments about Bitcoin. As was perhaps to be expected by those who have benefited greatly from speculative activity in the stock market, all of them were bearish on Bitcoin and bullish on stocks. Three billionaires, Warren Buffet, […]
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Every year the financial media await the Berkshire Hathaway annual shareholder meeting, relishing the opportunity to run interviews with Warren Buffett. Buffett didn’t disappoint this year, speaking freely about his thoughts on a number of issues. Among them was the idea of gold as an investment, which Buffett rejected. The media reported his statements on […]
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Bitcoin’s 17 millionth coin was just mined recently, meaning that over 80 percent of all bitcoins that will eventually be created are now in existence. Bitcoin’s cap of 21 million coins is expected to be reached in 2140. Many of the bitcoins currently in existence are not being or cannot be used. That includes the […]
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Adding to the list of alphabet soup agencies nudging into the cryptocurrency arena, the Federal Trade Commission (FTC) plans to host an informational workshop devoted to examining cryptocurrency scams. The workshop is scheduled to take place in Chicago on June 25, and will also be broadcast live on the internet. The FTC workshop is entitled […]
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The price of ether, the cryptocurrency component of Ethereum, took a hit yesterday after reports that it has fallen under the watch of federal securities regulators. Whether ether is a security or a currency is under debate. Since there is no single federal financial regulator, competing agencies may try to expand their clout and bring […]
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In the days leading up to Berkshire Hathaway’s annual shareholder meeting, Warren Buffett is in the news once again, as the “Oracle of Omaha” becomes the focus of much of the financial media’s attention. This time around he has made headlines for his comments on Bitcoin, claiming that those who invest in Bitcoin are actually […]
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We haven’t heard its name bandied about much in recent years, but that doesn’t mean it isn’t still a major threat: inflation. As John Maynard Keynes once wrote: Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments […]
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