RATE Group | New Bakkt Venture Could Make Bitcoin As Mainstream As Starbucks
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New Bakkt Venture Could Make Bitcoin As Mainstream As Starbucks

14 Aug New Bakkt Venture Could Make Bitcoin As Mainstream As Starbucks

Posted at 08:30h in Bitcoin News by

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NEW YORK, NY – AUGUST 13: Traders work on the floor of the New York Stock Exchange (NYSE) on August 13, 2018 in New York City. (Photo by Eduardo Munoz Alvarez/Getty Images)

Warren Buffett recently made headlines by comparing Bitcoin to rat poison and predicting that cryptocurrencies will “come to bad endings.” The Google search string “warren buffett bitcoin rat poison” returns nearly 1 million hits.

Meanwhile, Jeff Sprecher’s announcement of his new cryptocurrency venture, Bakkt, went virtually unnoticed outside of the crypto-fanatic world. (A Google search of “sprecher bakkt” returns less than 15,000 hits). Given Buffett’s nearly legendary status in the investment community, this lopsided attention is not overly surprising.

But if Sprecher’s venture works, he will easily surpass Buffett’s position in the Wall Street pantheon.

Buffet has a problem with Bitcoin as an investment because he dislikes investing in assets that do not…

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