Berkshire's Vice Chairman Charlie Munger has referred to bitcoin as "total insanity" and has cautioned would-be investors to avoid it "like the plague". Addressing his boss, he said that he "likes cryptocurrencies a lot less" than his colleague already does.
"If people react when you criticise their investment, if they get mad, they're gambling..."
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But this feel-good change to the building code is a questionable public policy for cutting greenhouse-gas emissions. The standards must still be approved by the state's Building Standards Commission, according to ABC7 .
Bill Gates has also openly criticised bitcoin, saying: "I would short if there was an easy way to do it".
Billionaire Warren Buffett says stocks remain the best option for investors not bonds, and especially not bitcoins.
Microsoft founder Bill Gates made an important statement about bitcoin on May 7 in an interview with CNBC. "It's kind of a pure "greater fool theory" type of investment", he said, also noting that if he could short it, he would.
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"In terms of cryptocurrencies, generally, I can say with nearly certainty that they will come to a bad ending", he added. For example, Buffett has acknowledged that he regrets not getting in on Amazon years ago. The old-school duo called Bitcoin "rat poison" and "turd" earlier during the event. His concerns regarding Bitcoin price also stem from a security standpoint with concerns that the anonymity and lack of traceability of the currency may contribute to funding illegal activities - stating it has "caused deaths in a fairly direct way". Many Wall Street big times, such as Jamie Dimon, the CEO of JPMorgan Chase dismiss cryptocurrencies as they are not traditional and see no room for them, but Bill Gates is surprising.
Gates remarks remind the comments produced by Warren Buffett and Charlie Munger recently. After the shares collapsed about a third of their value, they started bouncing back and Buffett immediately sold his shares thus earning a small profit.
He said investors now are much better off owning US stocks, whose prices are elevated but not in a "bubble", and it would take a "nanosecond" for him to choose stocks over 10- or 30-year USA government bonds now yielding around 3 percent.
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The three Korean-Americans Kim Dong Chul, Kim Hak Song and Tony Kim are all accused by the North of anti-state activities. Kim held his first summit with Xi in March in Beijing , marking the first meeting since Kim took power in late 2011.