Sydney Ifergan, the crypto expert, tweeted: "Now Warren Buffet is a HODLer of Bitcoin. Interestingly Buffet stated that Bitcoin should do a lot of work to capture the full potential of blockchain technology. Buffet impliedly agrees Bitcoin is worth more than Zeros.”
Justin Sun told Mr. Buffet thatBitcoin is the currency for the next generation; however, Buffet smiled andstated that his Grandson would instead inherit his wealth in USD with a LOL!
Ifergan Further tweeted:“Probably, Warren Buffet’s Grandson would convert his Grandfather’s fortune toBitcoins in the future.”
Ifergan also congratulated JustinSun on thoughtfully making Buffet accept the Bitcoin in the form of Gift duringthe recent dinner.
Sydney Ifergan tweeted, "Wayto go Justin Sun! Glad, you put in the first sample of Bitcoin into Buffet'sWallet – Great Start! You are a great seller!"
Warren Buffet now has got hisfirst-ever Bitcoin from Justin Sun. The price of Bitcoin has been trending at9,793 at the time of writing. The price of the Bitcoin is increasing to$10,000; however, it has not crossed its crucial threshold. The price has increased by 40% this year.Traders are eagerly waiting the upcoming halving event and other developments thatare taking place.
Warren Buffet, who has now gothis first Bitcoin, feels that a lot of work should happen if Bitcoin should tapthe full potential of Blockchain.
The market outlook for Bitcoin iscurrently neutral. BTC continues to bethe prime cryptocurrency in the crypto market. It is not still clear on whetherBitcoin will work as a safe haven during the uncertain geopolitical turmoil.
Increasing numbers of onlinemerchants are accepting Bitcoins. Lawmakers and regulators are nervous about it. Bitcoin is not going toreplace the USD, Euro, or Gold, but it is undoubtedly making things disruptive.
Banks need human intervention tohandle the transfer of funds, which means they cannot provide a service withoutcharging for the service heads, but Bitcoin can facilitate transfers for lowfees. If a majority of the retailers are going to accept bitcoin, banks aregoing to lose their revenue.
Since Bitcoin is stored in thecloud, it does not come under the umbrella control of any of the governments.The decentralized ledger facilitates Bitcoin. What kind of development in the blockchain technology will facilitateimproved adoption of Bitcoin? What did Warren Buffet mean about Bitcoin havingto work a lot more to use the full potential of blockchain technology? What isthe possibility that Bitcoin has failed to explore?
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