Chainalysis and Elliptic have discovered that cryptocurrencies serve criminal purposes, but this alone is insufficient to justify its prohibition.
According to Kristin Smith, the battle is unlikely to be a perpetual one, but it may persist for the next 18-20 months.
In her letter, Warren implores the OCC to work with the Fed, FDIC, and other stakeholders to create a different cryptocurrency strategy 'that appropriately safeguards customers and the safety and soundness of the financial system.'
Bitcoin has steadily been gaining acceptance from the traditional finance and investment world in recent years but Warren Buffett is sticking to his skeptical stance on the cryptocurrency. He said at the Berkshire Hathaway annual shareholders meeting Saturday that it’s not a productive asset and it doesn’t produce anything tangible.
Warren Buffett. Warren Buffett avoids making predictions as he believes the future is too uncertain. Yet he has given his best guesses about cryptocurrency, table tennis, and the timing of his death. Here are 12 of the investor's predictions, and how they've turned out.
So what does the world’s most famous investor think of Bitcoin? It’s “probably rat poison squared,” Warren Buffett once said. If you listen to the billionaire, cryptocurrency may not be the big financial opportunity you’ve been dreaming of, nor is it the only way to get impressive returns if you have some cash you’re looking to put into the market.
Here's the crux of what Buffett said in an interview in January 2018, when he was asked point blank why Berkshire Hathaway wasn't putting any money into crypto: "In terms of cryptocurrencies, generally, I can say almost with certainty that they will come to a bad ending. ...
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