RATE Group | Forget Bitcoin! This Warren Buffett investing tip could help to make you a million
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Forget Bitcoin! This Warren Buffett investing tip could help to make you a million

01 Dec Forget Bitcoin! This Warren Buffett investing tip could help to make you a million

Posted at 13:39h in Bitcoin News by

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The surge in the price of Bitcoin over recent months may make it seem more attractive to many investors. After all, the stock market’s returns have been significantly lower than the virtual currency’s 100%+ rise since the start of the year.

However, investing in Bitcoin could go against a crucial part of Warren Buffett’s investment strategy. Namely, he only invests in what he fully understands. Certainly, some investors understand the risks involved in buying Bitcoin. But others do not. Therefore, it may be an investment to avoid, with the stock market potentially offering a more favourable risk/reward opportunity.

Bitcoin’s outlook

Since Bitcoin lacks fundamentals, it is not possible to ascertain at what price it offers good value for money. Its price is dependent on investor sentiment, which can change rapidly and without clear reason. Furthermore, its future prospects are extremely difficult to accurately predict. It could, for example, become more heavily regulated, while…

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