Advisors agree with Buffett: Don’t waste your hard-earned cash on bitcoin
The days of opportunity in bitcoin investing may be long over, but advisors do see potential for investors in the blockchain technology underlying cryptocurrencies.
“Did you miss the boat?”
Some financial experts are not bullish on cryptocurrency as an investment. They wonder: Is it really the next big thing, or will it run its course? In fact, they urge clients not to waste their hard-earned money on bitcoin.
And what about blockchain, the technology behind bitcoin? Right now a variety of companies are trying to find new ways to utilize blockchain technology.
For investors, the question to ask is: Do you look for companies developing new uses for blockchain, or will this become the next dot-com bubble?
While many financial experts have mixed views on both issues, billionaire investor Warren Buffett recently told CNBC that the craze over bitcoin and other cryptocurrencies won't end well.
