Bitcoin Gets Major Endorsement As Dr. Doom Buys His First BTC And Warren Buffett May Yield Soon

Over the last ten years since it was created, Bitcoin has been able to win the hearts of many public figures in the investment world. However, not everyone is willing to buy Bitcoin without ID or buy Bitcoin with cash app. There are still many outspoken public figures who have been skeptical about the whole idea of Bitcoin and cryptocurrencies. Two of the most skeptical public figures as far as Bitcoin is concerned are Warren Buffet and Dr. Doom. New reports show that Dr. Doom has left Warren Buffett alone and has proceeded to buy Bitcoin without ID.

Warren Buffett May Buy Bitcoin Following Dr. Doom’s Lead

Warren Buffett is one of the most successful business people in the world just like the German billionaire Marc Faber. This is why it’s not surprising to see search queries like “Warren Buffett net worth 2019”, Warren Buffett latest quotes or anything related to the billionaire. Marc Faber has also become famous for his wealth generation strategies as well.

Bitcoin (BTC) Price Today – BTC / USD

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During an interview with the Cash, a German finance website, Faber said that he has entered into the cryptocurrency space with his first Bitcoin purchase. According to him, it was the CEO of Xapo, Wence Casares that convinced him to take a leap and buy Bitcoin without ID. The fact that Dr. Doom has decided to invest in Bitcoin means that he has seen prospects in cryptocurrencies. It means that there might be hope for those investors who have been holding Bitcoins. Also, Faber might not be the only Bitcoin skeptic to have turned to the pro-Bitcoin community.

During an interview with CNBC, Buffett said that he doesn’t understand Bitcoin. In his words:

“It’s a very ingenious thing to figure out how to have a limited supply and make it harder and more expensive to create. This is explained to me by people a lot smarter than I am.”

Things Are Looking Up The Cryptocurrency Industry

Even after the incredible fall in the price of cryptocurrencies that started last year, there is still hope that things will get better. Apart from the endorsement that cryptocurrencies have gotten recently, there has been some institutional interest in the industry. A while ago, smarttest.wpmudev.host reported that $40 million from pension funds in the United States were invested in Morgan Creek Digital. This is another sign that the world is having a more positive and liberal attitude toward Bitcoin and other cryptocurrencies.

Right now, it appears that the price of Bitcoin has reached a bottom. In fact, accumulation has started. Billionaire investors like Marc Faber and institutional investors are starting to recognize the potential of the cryptocurrency space. This might be the best time for you to buy Bitcoin without ID.

Faber said that he bought Bitcoin when the price was about $3.8k per coin in February. He said that the technicals and fundamentals are promising even after the Bitcoin price crash. He also said that even if the future isn’t certain, things are looking up for Bitcoin and it may eventually become the standard for money transfer.

Even if Faber is one of the most successful Swiss investors, he is also the most controversial. He got his nickname Dr. Doom after he predicted the crash of the stock market in 1987. Even if he hasn’t always been a fan of Bitcoin, he has always criticized the traditional financial policies.

What do you think? Is it a good idea to buy Bitcoin without ID at this point? Will Warren Buffett buy Bitcoin soon? Share your thoughts in the comment section.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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