MATIC price could sustain bullish momentum on cues from a mix of optimistic fundamental and technical indicators.
Warren Buffett News
Warren Edward Buffett is an American investor, philanthropist and the current CEO of Berkshire Hathaway — a transnational conglomerate holding company. Warren is one of the richest people on the planet, with a net worth of $84 billion. Warren Buffett is considered to be a trade icon and is one of the most influential persons in the business word. Warren Buffett’s financial advice is of great importance for entrepreneurs and investors, and his annual reports are an expected event in the trading world. Warren Buffett’s views on Bitcoin investments are very skeptical. He does not even consider Bitcoin to be an investment, as it does not produce any valuable goods. However, Buffett himself doesn’t argue his level of competence in blockchain-based money is very high and admits that he could be wrong about them and their future.
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MATIC has painted a bull flag setup with a profit target sitting nearly 100% higher than its current price.
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When blockchain projects show their technology has something to offer that traditional internet doesn’t, big investors will get on board.
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Berkshire Hathaway now allocates 60% of its cash portfolio to T-bills, leaving individual investors with the potential to mirror the strategy.
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The billionaire crypto investor admits there are still hard times ahead for most financial markets but says that as long as the crypto space produces new tech, it will be fine.
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Miller said Bitcoin “functioned without the Fed and without any interference” during times of market turmoil, concluding that “it’s an insurance policy, the way I look at it.”
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“If you told me you own all of the Bitcoin in the world and you offered it to me for $25 I wouldn’t take it because what would I do with it?” Warren Buffett said.
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Comments made by Warren Buffet’s right-hand man and vice chairman of Berkshire Hathaway have gone viral for their imaginative depiction of cryptocurrency.
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The "Oracle of Omaha" now has more companies in his portfolio that have direct/indirect exposure to Bitcoin and similar cryptocurrencies.
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The MicroStrategy boss thinks Bitcoin is a form of property and points out that the U.S. government is not threatened by other forms of property.
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Though its billionaire owner has personally spoken out against digital assets many times, Berkshire Hathaway's investment may indicate the firm is more open to the idea.
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“I hate the Bitcoin success, and I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth,” said the billionaire.
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Bitcoin sees a fresh surge in trading activity as $30,000 nears and mainstream interest pours in.
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Warren Buffett likes to dollar-cost average into major stock market indices but data shows that the same strategy has worked very well for Bitcoin buyers too.
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Warren Buffett and Berkshire Hathaway invested in the pre-IPO tech firm Snowflake. Over the long term, the shifting trend to digital could buoy Bitcoin.
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