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Buffett ‘Disciple’ Condemns Investor’s Views On Bitcoin

Whilst calling himself a Buffett “disciple,” Palihapitiya told CNBC that Buffett is incorrect about bitcoin.

“Not every person is proper all the time,” he explained to the information supply, more suggesting that that information about technological innovation is not in Buffett’s “circle of competence.”

Palihapitiya, a former Fb and AOL executive, went on to push for the cryptocurrency’s rewards, saying it is a substitute to gold and:“SOMETHING LIKE BITCOIN IS SERIOUSLY ESSENTIAL, SIMPLY BECAUSE IT IS NOT CORRELATED TO THE RELAXATION OF THE SECTOR.”

Talking about the financial disaster, he mentioned that “things that we imagined were hedges went away” and “broke down.” Bitcoin is viewed as delivering a hedge to common finance by individuals who have owned the digital currency, he said.

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