Posted by Xoken.org – Bitcoin has been created for almost 16 years. Until now there are still two contradictory opinions regarding this crypto asset. Financial companies and financial experts are divided.
On the one hand, big-name companies and international financial institutions have added their assets to this clearly very unstable crypto. However, on the other hand, many financial experts and financial market veterans still remain skeptical about crypto assets.
Dave Ramsey belongs to the second camp or those who don’t believe in crypto assets such as Bitcoin and others. Quoted from Yahoo Finance, Saturday (6/4/2024), Dave Ramsey, who is the host of the nationally syndicated radio program The Ramsey Show, said that crypto assets are a risky and stupid investment.
He often mocks investors and advises his audience to stay away from this market segment.
listeners of The Ramsey Show were therefore surprised to hear Ramsey strike a more measured tone in recent comments regarding crypto assets.
He acknowledged that Bitcoin is a currency. This was when he answered Jason’s question from Connecticut regarding the increase in Bitcoin prices which recently set a record high.
Unlike before, Ramsey did not aggressively reject questions about the Bitcoin crypto asset. Instead, he struck a more measured tone.
However, Ramsey goes deeper, “A currency has no value unless its track record shows that there are two people willing to fight over it,” he says.
Agree with Warren Buffett
He also compared Bitcoin with other major assets such as the Japanese Yen. However, he was quick to point out that the world’s major currencies are backed by the economic strength of their issuing countries and have a longer track record.
“Of all the currencies, Bitcoin has the least trust,” he said.
One day, it might escalate and become a thing, but that’s not going to happen. added Ramsey.
He thought that the asset would continue to fluctuate and he would not invest in it for the situs togel same reasons he would not invest in the Iraqi Dinar.
Ramsey argues that Bitcoin is not an investment because it does not produce cash flow. “I don’t want a Bitcoin investment made in someone I really don’t like,” Ramsey said.
Warren Buffett and his business partner, the late Charlie Munger, had a similar argument. “Bitcoin is a gambling token and does not have any intrinsic value,” Buffett once said.
Given this, investors may have a better chance in an asset class that generates real income than Bitcoin.