Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: felixesteban on May 12, 2018, 04:22:29 PM
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Max Keiser delivered a scathing rebuttal to Warren Buffett and Charlie Munger May 10 after the Berkshire Hathaway moguls compared Bitcoin to “rat poison” and “baby brains.”
‘Crony Capitalism’
In a fresh episode of RT’s Keiser Report, the outspoken Bitcoin bull accused Buffett and Munger of “crony capitalism.”
“Bitcoin is a reaction to Warren Buffett and his crony capitalists,” he said.
[…] They don’t want to come down from their pedestal of crony capitalism and free money from central banks to address that, so they attack crypto.
Berkshire’s elite gained considerable press coverage earlier this week after they delivered further soundbites against cryptocurrency and trading it.
Buffett, who has been open about his distaste for Bitcoin, described it as “probably rat poison squared” at an annual shareholder meeting last weekend, a comment that was widely criticized by the Bitcoin users.
#bitcoin is rat poison because central bankers are the rats
— Honey⚡Badger (@badgerbitcoin) May 7, 2018
Munger, who previously said Bitcoin was “utterly assinine,” backed up his stance by asserting trading it was like “trading fresh harvested baby brains.”
“It’s antisocial, stupid and immoral,” he told Yahoo! Finance in an interview.
Bitcoin Will Go To $30k… Soon?
Keiser met Munger’s words on par, telling viewers the 94-year-old “would have the pleasure of watching Bitcoin soar past $30,000 per coin as he expires from this planet.”
While not guessing at when exactly Bitcoin’s implied jump to $30,000 would take place, Keiser has not been shy about his predictions for the cryptocurrency’s future.
In an interview with Bitcoinist last month, while also keeping quiet on timeframes, the figure of $100,000 came easily.
http://bitcoinist.com/bitcoin-will-soar-30k-charlie-munger-expires-max-keiser-takes-crypto-critics/
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It's quite interesting seeing how Bitcoiners stand up against the old elite, but it's actually nothing more than a waste of time. These people aren't interested in anything related to Bitcoin, but just look to troll with the gamblers in this market, and it works. They are right, the majority of the people invest with the only intention of selling higher, which is all fine since no one is forced to actually use or like Bitcoin in any other ways. Best thing to do is to not grant these oldies any attention, because they simply don't deserve it. It's like free publicity for them. Everyone going publicly against them do more harm than good — let everyone talk as much trash as they want, why should we bother to respond? Bitcoin will respond with progress and that's enough…