Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million. Bitcoins are created as a reward for a process known […]
What Does Warren Buffett Say About Bitcoin
When it comes to Bitcoin, legendary investor Warren Buffett doesn’t mince words. In a recent interview with CNBC, Buffett called the cryptocurrency “rat poison squared.” Buffett’s main issue with Bitcoin is that it’s not backed by anything. “It’s a delusion, basically,” he said. Buffett has long been a skeptic of Bitcoin and other cryptocurrencies. In […]
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