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Is Bitcoin A Good Investment? by drcast(m): 4:07pm On Apr 03, 2018 |
Opinions on whether bitcoin makes a solid investment vary widely. JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon famously called bitcoin a “fraud” last year, comments he said he regrets. As early as 2014, Warren Buffett called the cryptocurrency a “mirage.” Dallas Mavericks owner and serial entrepreneur Mark Cuban said, “If you have money you can gamble with, then it’s worth taking a shot.” Billionaire entrepreneur Richard Branson is a huge fan of blockchain and bitcoin, though he allows that another cryptocurrency might overtake it one day. What do I think? I tend to side with Mark Cuban: If one has money they can afford to speculate with, the money you can afford to lose; it could be considered as a hedge against the uncertainty of the world’s established currencies, much like gold is used in the investment world. culled from cryptoinbits.com *(a Nigerian blog on cashing out on cryptos)
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