Bitcoin rat poison: who agrees with Warren Buffett

Bitcoin? Rat poisonWord of Warren Buffett and more. In fact, apparently from a survey conducted by JP Morgan it seems that 33% of the investors interviewed agree with the oracle of Omaha. 

In fact, at the beginning of 2021 Warren Buffett had defined Bitcoin as a “ rat poison ” and it seems that he is not the only one to think so.

The JP Morgan survey

Not only 33% of the respondents by JP Morgan defined BTC as rat poison. Another 16% of the sample argues that Bitcoin is a fad. 

Yet another 42% said cryptocurrencies are here to stay , while 9% believe they will become an important asset. 

The sample interviewed involved 3,000 investors from 1,500 institutional subjects. Therefore an audience that could be labeled as high finance.

Among them:

  • 10% trade cryptocurrencies,
  •  20% plan to do so,
  • 40% were active with crypto.

Bitcoin, investors in line with Warren Buffett

This survey seems to debunk the thesis that institutional investors are increasingly interested in Bitcoin. In fact, the growing demand for BTC by this category justifies the placing on the market of products such as investment funds . It is also the reason why several Bitcoin ETF approval applications are pending at the US SEC 

But apparently beyond the interest, institutional investors express the same fears as Warren Buffett when it comes to Bitcoin. Moreover, in these days of high volatility , with intradey swings between +/- 10-20% this skepticism is also understandable.

But volatility is part of Bitcoin, so those who invest in it, retail or institutional, must know how to live with it without panicking.

After hitting $ 65,000 last April, the price of BTC has practically halved. Bitcoin is currently worth around $ 33,000, however forecasts are positive and several analysts claim that an accumulation phase is underway that could soon lead to new rallies . And who knows if it will be enough to fight the fears of institutional investors and maybe even to change their opinion on BTC.

Bitcoin? Rat poison. Word of Warren Buffett and more. In fact, apparently from a survey conducted by JP Morgan it seems that 33% of the investors interviewed agree with the oracle of Omaha. 

In fact, at the beginning of 2021 Warren Buffett had defined Bitcoin as a “ rat poison ” and it seems that he is not the only one to think so.

The JP Morgan survey

Not only 33% of the respondents by JP Morgan defined BTC as rat poison. Another 16% of the sample argues that Bitcoin is a fad. 

Yet another 42% said cryptocurrencies are here to stay , while 9% believe they will become an important asset. 

The sample interviewed involved 3,000 investors from 1,500 institutional subjects. Therefore an audience that could be labeled as high finance.

Among them:

  • 10% trade cryptocurrencies,
  •  20% plan to do so,
  • 40% were active with crypto.

Bitcoin, investors in line with Warren Buffett

This survey seems to debunk the thesis that institutional investors are increasingly interested in Bitcoin. In fact, the growing demand for BTC by this category justifies the placing on the market of products such as investment funds . It is also the reason why several Bitcoin ETF approval applications are pending at the US SEC 

But apparently beyond the interest, institutional investors express the same fears as Warren Buffett when it comes to Bitcoin. Moreover, in these days of high volatility , with intraday changes between +/- 10-20%, this skepticism is also understandable.

But volatility is part of Bitcoin, so those who invest in it, retail or institutional, must know how to live with it without panicking.

After hitting $ 65,000 last April, the price of BTC has practically halved. Bitcoin is currently worth around $ 33,000, however forecasts are positive and several analysts claim that an accumulation phase is underway that could soon lead to new rallies . And who knows if it will be enough to fight the fears of institutional investors and maybe even to change their opinion on BTC.

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