Buffett, Munger diss Bitcoin, again, but is it all falling on deaf ears

Berkshire Hathaway execs Warren Buffett and Charlie Munger are in the news today after they, together, dissed Bitcoin, the world's largest cryptocurrency again. Speaking at the Annual Shareholder's Meeting on Saturday, the two reiterated their previous position on cryptos in general, with Chairman Buffett having infamously called Bitcoin “rat poison squared.

Timeline of Bitcoin

A mere $25 per Bitcoin (BTC) has been a decade-back history but legendary investor Warren Buffett isn't willing to pay that sum even for the entire circulating supply of Bitcoins today. Buffett fired shots once again at Bitcoin at the Berkshire Hathaway Annual Shareholder meeting Saturday, April 30.

Bitcoin (BTC/USD) extended its recent weakness early in the Asian session as the pair traded at its lowest level since mid-March, with selling pressure that knocked it as low as the 37401 area in the final hours of April trading activity.   Technical sentiment was negative for most of April, and BTC/USD depreciated approximately 17.3% during the month.

Arthur Hayes explains BTC can reach $1 million in 8 years and he is bullish on Bitcoin and detailed how the leading crypto can trade this price in eight years so let's read more in today's latest Bitcoin news. Arthur Hayes explains how BTC can reach $1 million in eight years, predicting in fact that

Crypto markets erased $130B as Bitcoin dumped to a 2-month low, a level not seen since early March so let's read more today in our latest cryptocurrency news. Bitcoins continue to lose value and dropped to a two-month low of over $37,000 and the altcoins are also in the red with some notable price losses

Bitcoin (BTC) may be gearing up for a bullish reversal if on-chain metrics are any indication, according to popular crypto analyst Michaël van de Poppe. The analyst tells his 589,000 Twitter followers that Bitcoin's hash rate has hit another all-time high, which has often historically preceded BTC rallies. “Bitcoin hash rate has reached an all-time The post On-Chain Data Quietly Signaling Bitcoin (BTC) Bullish Reversal Brewing, According to Top Crypto Analyst appeared first on The Daily Hodl.

The performance of the King coin hasn't been in the best of spirits lately, especially given its position of extreme volatility in the last few weeks. However, despite the constant state of war that Bitcoin (BTC) has been in, Dan Morehead, CEO of Pantera Capital, felt otherwise.

Bitcoin whales are raking in as much BTC as they can get following a decline putting the asset in a bearish light. In a detailed report by Barron, Bitcoin whales accumulation of BTC has peaked, surpassing the level witnessed last September.

At the Berkshire Hathaway Annual Shareholder meeting on Saturday, Warren Buffet expanded on why he thinks bitcoin is worth nothing.  “If you offered me all the bitcoin in the world for $25 I wouldn't take it,” Warren Buffet's famous views on bitcoin have not changed at all.

Some analysts say that Bitcoin's current price action aligns with the Bitcoin halving model, leading them to expect a $24000 bottom before year-end.  The topic of Bitcoin's four-year halving cycle and its effects on BTC's long-term price is one that has been highly debated within the crypto community.

Anatoly Yakovenko, one of the co-founders of Solana, the proof-of-stake based, smart contracts enabled blockchain, issued a series of statements criticizing bitcoin's consensus algorithm. In an interview on CNBC, Yakovenko stated that bitcoin might lose adoption if it doesn't change to a proof-of-stake (PoS) consensus algorithm. Other organizations have also attacked bitcoin, hinting at this