The legendary investment expert Charlie Munger termed Bitcoin as a “noxious poison”. On the other hand, his very friend and partner, another investment maestro, thinks Cryptocurrency is a “bubble”. But, people are still crazy about this neo-currency. Though, such negative opinion from influential investors hit cryptocurrency lovers. Moreover, raise a question that what may happen to Cryptocurrency in future?
Bitcoin is noxious poison
When “Bitcoin is noxious poison”, can it hit as much as $40,000 per coin? Sounds too good to believe. It may excite or confuse those who have faith Bitcoin.
However, Llew Claasen, Executive Director of Bitcoin Foundation, worded a happy news along with a sad news. Firstly, the good news for Bitcoin lover is, one may have to spend as much as $40,000 to purchase a single coin. So, Bitcoin value may soar high.
That’s the good news. Secondly, the bad news is catastrophic. Almost 90% of the all other cryptocurrencies will fail, as Claasen says.
high risk is not that bad at all
In Red Wood City, California Llew Claasen further said that by nature cryptocurrency is “something new and exciting and super-risky”. In fact, the high risk is not that bad at all. From Claasen’s discussion, we learn that some develop coins as scams to get rich quickly. But, smart investors avoid them. As a matter of fact, investors should know before putting their money into Bitcoin. Thus we may see a slump in cryptocurrency.