bitcoin Bitcoin Analysis chamath palihapitiya Cryptocurrency News Warren Buffett 

Bitcoin Is the ‘Single Best’ Financial Hedge: Warren Buffett ‘Disciple’

Venture capitalist Chamath Palihapitiya, a self-proclaimed “disciple” of billionaire Warren Buffett, says bitcoin is the best financial hedge against an uncertain world economy. And unlike his anti-crypto mentor Buffett, Palihapitiya thinks you should buy some bitcoin to protect yourself. “It’s the single best hedge against the traditional financial infrastructure,” Palihapitiya told CNBC. “Whether you support the fiscal and monetary policy or not, it doesn’t matter. This is the schmuck insurance you have under your mattress.” Palihapitiya first bought the original cryptocurrency several years ago when its price hovered at $100….

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Cryptocurrency News Justin Sun tron Warren Buffett 

Tron’s Justin Sun Prepares Media Extravaganza for Warren Buffett Lunch

Given the already high-profile nature of Justin Sun’s upcoming lunch with billionaire Warren Buffett, you might think he would play his cards close to the vest. Not Sun, who is milking the auction prize for all it’s worth. He announced on social media that he’s selected San Francisco’s Quince, a “three-Michelin starred restaurant in…historic Jackson Square,” for the July 25 $4.5 million meal – though if you ask Sun, he’d probably say that it’s priceless. Sun said in a blog post: “After narrowing the choices to three, I ultimately chose…

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Alex Rodriguez Op-ed Warren Buffett 

Alex Rodriguez’s Investment Acumen Impresses Warren Buffett

One of the world’s most successful investors, Warren Buffett of Berkshire Hathaway, sent baseball legend Alex Rodriguez a gift via the media. Warren Buffett lauded Alex Rodriguez’s business sense. That could mean great things for A-Rod. Hello London! So happy to be here. Can’t wait for @RedSox vs @Yankees at London Stadium Saturday on @MLBONFOX & Sunday on @espn! 🇬🇧 🇬🇧 🇬🇧 — Alex Rodriguez (@AROD) June 26, 2019 Good at Sports. Bad with Money. It’s also highly unusual for an athlete to have great business instincts. While professional athletes…

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berkshire hathaway Elon Musk Tesla U.S. Business News U.S. Market News Warren Buffett 

Elon Musk is About to Wipe Out Warren Buffett’s Biggest Business

By CCN: A new report out of ARK Invest is wildly bullish on self-driving technology powered by the likes of Tesla and Uber.  But the autonomous revolution will come at a huge cost for Warren Buffett’s biggest business: insurance. The firm, which manages $3 billion assets, says the car insurance industry faces its “biggest threat in history” as Elon Musk and others ramp up self-driving networks. In the next 5-10 years, as riders may increasingly choose to travel on autonomous taxi networks, the auto insurance industry (a $220 billion market)…

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cannabis cannabis stocks coca-cola stock U.S. Business News Warren Buffett 

Warren Buffett Is Wrong on Cannabis And It’s Hurting Coca-Cola’s Stock

By CCN: In an interview with Fox Business, Warren Buffett and Charlie Munger of Berkshire Hathaway revealed they would not be a fan of Coca-Cola getting into the cannabis business. Munger said: “It would be a big mistake. [Coca-Cola has] got such a wholesome image and cannabis doesn’t. It’s that simple.” Buffett added: “There’s something in everybody’s mind in the world practically about Coca-Cola…I’m not sure that you would want to muddy that image a little bit.” To a certain extent, that’s true.  Just look at this tweet as an…

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Crypto marc faber Warren Buffett 

Dr. Doom Buys First BTC, Is Warren Buffett next?

Famed Swiss investor, analyst and, until recently, crypto skeptic Marc Faber, 73, has bought his first bitcoin in another sign the old guard of investments is warming to crypto. Speaking to German finance website Cash, Faber revealed he recently bought bitcoin for the first time to learn more about cryptocurrencies and following some persistent and high-profile badgering. Gloom, Boom and Doom His normally pessimistic market outlook earned him the nickname “Dr. Doom.” Faber, with a net worth reportedly around $25 billion, famously predicted the crash of 1987. He pens the…

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Bitcoin Price News Bloomberg dotcom bubble Matt Winkler Warren Buffett 

“Investors Carried Out Mental Gymnastics to Justify Bitcoin Prices”

Matt Winkler Bloomberg co-founder and former Editor-in-Chief, Matt Winkler has likened speculation-driven bitcoin price movements to the dotcom boom of the mid to late 1990s, comparing the excuses given by investors for irrational market optimism at that time to the reasons given by modern day cryptocurrency speculators. Speaking to Emily Chang on Bloomberg Technology, Winkler explained that cryptocurrency investors have attempted to use non-traditional methods to ascertain and justify optimistic valuations for digital assets, which according to him is actually nothing new. Bitcoin Market Compared With Dotcom Crash Referring to a valuation…

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