JPMorgan Survey: 49% of Institutional Investors Agree Cryptocurrency Is ‘Rat Poison’ as Warren Buffett Says or a Fad

JPMorgan Survey: 49% of Institutional Investors Agree Cryptocurrency Is ‘Rat Poison’ as Warren Buffett Says or a Fad
ôîòî ïîêàçàíî ñ : news.bitcoin.com

2021-6-24 03:00

Investment bank JPMorgan conducted a survey of thousands of investors from 1,500 institutions and found that 49% of them think that cryptocurrency is either “rat poison squared,” the term used by Berkshire Hathaway CEO Warren Buffett to describe bitcoin, or “a temporary fad.”

49% of Investors Told JPMorgan Cryptocurrency Is a Fad or ‘Rat Poison Squared’

JPMorgan released the results of a survey it conducted at the firm’s 24th Macro, Quantitative & Derivatives Conference Tuesday. The event took place on June 11; it was attended by some 3,000 investors from around 1,500 institutions. Marko Kolanovic and Dubravko Lakos-Bujas, two of JPMorgan’s top strategists, wrote:

Investors’ view on cryptocurrency’s future is very divided.

The survey results show that 42% of investors feel that cryptocurrency is here to stay and 9% even believe that it will become an important asset.

However, 49% of investors agree with Berkshire Hathaway CEO Warren Buffett and said that cryptocurrency is “rat poison squared.” Moreover, 16% of respondents see cryptocurrency as a temporary fad.

JPMorgan’s survey results. Source: CNBC anchor Carl Quintanilla

In terms of regulation, 81% of investors surveyed expect tighter regulations of cryptocurrency and 95% believe fraud is “somewhat or very much prevalent” in the crypto world.

JPMorgan further found that only 10% of investors trade cryptocurrencies. Of those that do not, only 20% plan to start trading them. However, when asked about their personal investments, 40% of the investors said they were active in cryptocurrencies.

if (!window.GrowJs) { (function () { var s = document.createElement('script'); s.async = true; s.type = 'text/javascript'; s.src = 'https://bitcoinads.growadvertising.com/adserve/app'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, 31, [300, 250], null, []); GrowJs.showBanner(banner.index); } });

Buffett has long been a critic of bitcoin. In May 2018, the Oracle of Omaha said BTC was “probably rat poison squared.” In February 2019, he said that “bitcoin has no unique value at all. It doesn’t produce anything … It’s delusion basically.”

Charlie Munger, Buffett’s long-time business partner, also likened bitcoin rat poison. In May 2018, he said: “To me, it’s just dementia. It’s like somebody else is trading turds, and you decide you can’t be left out.” Munger has not warmed up to bitcoin despite the cryptocurrency’s rising popularity among investors and traders. In May this year, he said: “I hate the bitcoin success. I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth … I should say modestly that the whole damn development is disgusting and contrary to the interest of civilization.”

What do you think about all these investors thinking bitcoin is either rat poison squared, like Buffett said, or just a temporary fad? Let us know in the comments section below.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Global Cryptocurrency (GCC) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.00 %
Cåãîäíÿ L: $0 - H: $0
Êàïèòàëèçàöèÿ $0 Rank 99999
Öåíà â ÷àñ íîâîñòè $ 0.0034358 (-100%)

poison warren buffett jpmorgan fad rat survey

poison warren → Ðåçóëüòàòîâ: 28


Bitcoin’s returns in 10 years trump Berkshire Hathaway’s returns since 1964

One of the biggest struggles faced by Bitcoin and the rest of the cryptocurrency market has been to convince the mainstream ecosystem of its benefits and use-cases. One of the biggest naysayers of the cryptocurrency industry is Berkshire Hathaway CEO Warren Buffett, who once compared the world’s largest cryptocurrency to rat poison.

2019-6-12 20:00


What Bitcoin Hater Warren Buffett Thinks of Crypto Doesn’t Matter, Here’s Why

To most in the cryptocurrency community, Bitcoin (BTC) is a paradigm-shifting asset with unlimited potential. But to Warren Buffett, one of the world’s most well-respected investors, it is something with little-to-zero intrinsic value, and resembles “rat poison” more than it does shares in his favorite companies: Coca-Cola, Dairy Queen, or GEICO.

2019-6-7 14:00


Tron’s [TRX] ecosystem blooms as DApps and recent developments make waves

Tron’s [TRX] popularity was off the charts on Tuesday after Tron Foundation CEO Justin Sun announced his winning bid to have lunch with the crypto-skeptic, Warren Buffett. Buffett, who once called Bitcoin “rat poison squared,” will meet with Sun and others from the cryptoverse, and the bet is on whether or not Sun will be […] The post Tron’s [TRX] ecosystem blooms as DApps and recent developments make waves appeared first on AMBCrypto.

2019-6-6 00:30


Warren Buffett Takes a Moment to Insult Bitcoin at His Berkshire Hathaway’s Annual Meeting

There is not any doubt in the cryptocurrency industry, regarding the way that Warren Buffett feels about Bitcoin, or “rat poison squared,” as he calls it. After the recent annual meeting of Berkshire Hathaway, Buffett practically doubled down on his statements, saying that the cryptocurrency is “a gambling device,” bringing attention to the many scams […]

2019-5-5 06:54


Warren Buffett Buys Amazon Stock; Will He Change His Mind On ‘Rat Poison’ Bitcoin?

By CCN. com: Berkshire Hathaway just bought its first Amazon shares, Berkshire founder and CEO Warren Buffett revealed to CNBC Thursday night. On the eve of an annual Berkshire shareholders meeting in Omaha, Buffett told CNBC that someone at Berkshire’s asset management desk just invested in some Amazon shares, but “it wasn’t me.

2019-5-3 10:19


The Best Way to Know Bitcoin is a Conservative Investment

Before looking at the best way to know bitcoin is a conservative investment (a very impressive 10 year bitcoin trend that has many investors pouring money into bitcoin)… Here’s the best way to know bitcoin is not a conservative investment, but a terrible get rich quick scheme, “probably rat poison squared” even, as Warren Buffet calls bitcoin: Best Way to Know Bitcoin Is Rat Poison Squared You see bitcoin or another cryptocurrency’s ATH (All Time High) prices going higher and higher, and you think now’s not a bad time for a second mortgage on your house.

2019-3-6 06:04


Max Keiser on Bitcoin Cynic Warren Buffett: ‘He’s a Complete Failure’

Appearing for an interview with BlockTV, Max Keiser explained why he thinks Warren Buffett has been throwing shade at the crypto community. Keiser did not hold back: I think he feels insecure. Without the bailouts of 2008, without the access to free money from central banks, without stock buybacks – that were up until recently illegal – Warren Buffett’s performance would be close to zero.

2019-3-5 22:11