How soon until Bitcoin crashes?
- Thread starter Liar Loan
- Start date
morekaos
Well-known member
eyephone said:
I think they see something else...its why they are billionaires....
While Buffett and Munger may have a personal distaste for cryptocurrency, the superstar investment pair may be seeing an entirely different kind of opportunity in digital financial service providers like Nubank.
There is huge competition among up-and-coming digital banks in Latin America, where a large portion of the population feels underserved by the traditional banking and financial system. Companies like Nubank are looking to tap into a massive potential consumer market of people largely dissatisfied with the existing system.
?There is so much opportunity in the [Latin America] region. The combination of a great population, horrible customer experiences, and very high fees, it is unmatched,? Nubank cofounder Cristina Junqueira told Fortune last June. ?Worldwide there is no place that is better suited in terms of having a great opportunity for fintech companies to tackle.?
https://finance.yahoo.com/news/warren-buffett-just-invested-1-163230481.html
morekaos
Well-known member
Small part of their business and you miss the point. You really think they care that Activision makes violent games or that General Motors makes military weapons??or that visa bankrupts people??they let their businesses run themselves. It?s not an endorsement of every little product?.big picture?macro.
Liar Loan
Well-known member
Crypto Hedge Funds Post Biggest Losses of Any Strategy in January
https://www.bloomberg.com/news/arti...rency-leads-hedge-funds-losses-commodity-best
morekaos
Well-known member
Designed by crooks for crooks?.
As Crypto Soars, Exchanges Decline Requests To Freeze Russian Funds
Binance was the first crypto exchange to decline the request stating that they are:
?not going to unilaterally freeze millions of innocent users' accounts. Crypto was meant to provide greater financial freedom for people across the globe".
They will, however, be ?...blocking accounts of those on the sanctions list... and ensuring that all sanctions are met in full?
Two other major cryptoexchanges, Coinbase Global and Kraken, also declined the request from Ukraine.
The CEO of Kraken stated on Twitter that the company ?cannot freeze the accounts of our Russian clients without a legal requirement to do so?.
A Coinbase spokesperson told Reuters that the major exchange "will not institute a blanket ban on all Coinbase transactions involving Russian addresses."
https://www.zerohedge.com/crypto/crypto-soars-exchanges-decline-requests-freeze-russian-funds
As Crypto Soars, Exchanges Decline Requests To Freeze Russian Funds
Binance was the first crypto exchange to decline the request stating that they are:
?not going to unilaterally freeze millions of innocent users' accounts. Crypto was meant to provide greater financial freedom for people across the globe".
They will, however, be ?...blocking accounts of those on the sanctions list... and ensuring that all sanctions are met in full?
Two other major cryptoexchanges, Coinbase Global and Kraken, also declined the request from Ukraine.
The CEO of Kraken stated on Twitter that the company ?cannot freeze the accounts of our Russian clients without a legal requirement to do so?.
A Coinbase spokesperson told Reuters that the major exchange "will not institute a blanket ban on all Coinbase transactions involving Russian addresses."
https://www.zerohedge.com/crypto/crypto-soars-exchanges-decline-requests-freeze-russian-funds
morekaos
Well-known member
Designed by criminals for criminals!!
Brother and sister are charged in $124M cryptocurrency scam after 'lying to 20,000 investors about the value of their Ormeus Coin as they spent millions on real estate and traveling around the globe to Rome, India and Singapore'
John Barksdale, 40, was 'arrested abroad' on conspiracy, securities fraud and wire fraud charges for scamming 20,000 investors out of $124 million
He and his sister, JonAtina 'Tina' Barksdale, 45, are accused in court documents of lying to investors for years about the value of Ormeus Coin's mining assets
Photos from her social media show her travel around the world as the scheme continued from January 2017 through December
They had claimed in social media posts, ads and memos to investors that the cryptocurrency was backed by a $250 million mining operation
But prosecutors allege they had abandoned their mining operation in 2019 after generating less than $3 million
The siblings instead allegedly displayed an unknown individual's Bitcoin wallet as their 'Ormeus Reserve Vault'
In total, the Barksdales are accused of taking in more than $70 million from nearly 20,000 investors throughout the world
https://www.dailymail.co.uk/news/ar...ion-cryptocurrency-fraud-lying-investors.html
Brother and sister are charged in $124M cryptocurrency scam after 'lying to 20,000 investors about the value of their Ormeus Coin as they spent millions on real estate and traveling around the globe to Rome, India and Singapore'
John Barksdale, 40, was 'arrested abroad' on conspiracy, securities fraud and wire fraud charges for scamming 20,000 investors out of $124 million
He and his sister, JonAtina 'Tina' Barksdale, 45, are accused in court documents of lying to investors for years about the value of Ormeus Coin's mining assets
Photos from her social media show her travel around the world as the scheme continued from January 2017 through December
They had claimed in social media posts, ads and memos to investors that the cryptocurrency was backed by a $250 million mining operation
But prosecutors allege they had abandoned their mining operation in 2019 after generating less than $3 million
The siblings instead allegedly displayed an unknown individual's Bitcoin wallet as their 'Ormeus Reserve Vault'
In total, the Barksdales are accused of taking in more than $70 million from nearly 20,000 investors throughout the world
https://www.dailymail.co.uk/news/ar...ion-cryptocurrency-fraud-lying-investors.html
morekaos
Well-known member
There is a precedent to allowing in government regulation and taxation to a once rogue and illegal market.....Canabis. It has not turned out well for them.
Biden just put out an executive order on cryptocurrencies ? here?s everything that?s in it
U.S. President Joe Biden signed an executive order on Wednesday calling on the government to examine the risks and benefits of cryptocurrencies.
The measures focus on six key areas: consumer protection, financial stability, illicit activity, U.S. competitiveness, financial inclusion and responsible innovation.
The Biden administration also wants to explore a digital version of the dollar.
https://www.cnbc.com/2022/03/09/heres-whats-in-bidens-executive-order-on-crypto.html
https://youtu.be/mgS1Lwr8gq8
Biden just put out an executive order on cryptocurrencies ? here?s everything that?s in it
U.S. President Joe Biden signed an executive order on Wednesday calling on the government to examine the risks and benefits of cryptocurrencies.
The measures focus on six key areas: consumer protection, financial stability, illicit activity, U.S. competitiveness, financial inclusion and responsible innovation.
The Biden administration also wants to explore a digital version of the dollar.
https://www.cnbc.com/2022/03/09/heres-whats-in-bidens-executive-order-on-crypto.html
https://youtu.be/mgS1Lwr8gq8