Bitcoin price (BTC) continues to make sideways movements today. Although it remains unsuccessful in crossing the key resistance level, there is optimism that that cryptocurrency market will bounce back shortly.
Brian Kelly is one such optimist. He has discarded Warren Buffett’s and Bill Gates criticisms of late, stating that he believes the cryptocurrency market to be immune to billionaires bashing.
Source Image: coinmarketcap.com
Bitcoin price trades around the $9,400 level today, while altcoins are also paring losses from earlier in the week. Is the upside movement attributed to Brian Kelly’s rebuke of the legendary investor’s thoughts? It could very well be.
Brian Kelly Responds to Buffett’s and Gate’s Criticism
Brian Kelly – who predicts bitcoin price to hit $250K in the next couple of years, rejects Buffett and Gates criticism. He said Warren Buffett was proved wrong so many times in the past — pointing out in particular his criticism towards commodities and tech companies.
Warren Buffett was among the most prominent critics of high growth tech companies like Apple (NASDAQ:AAPL), Google (NASDAQ:GOOG), and Amazon (NASDAQ:AMZN). However, he changed his stance later on, and now Apple is one of the biggest holdings according to the latest 13F filing.
Replying to Bill Gates negative attitude towards bitcoin and cryptocurrency markets, Brian Kelly compared bitcoin with Microsoft. He said, “unlike Microsoft which provides software and which is centralized, Bitcoin is a decentralized software. Bitcoin gives the users incentive to run this open source. making the internet itself a unique economic model.”
Hopes are High for the Bull Run
Cryptocurrency markets have been experiencing positive developments since regulators around the globe started accepting the emerging market. Following Goldman Sachs and NASDAQ, the reports suggest that Intercontinental Exchange (ICE) – the parent company of the New York Stock Exchange (NYSE) is planning to introduce cryptocurrency trading in the days to come. Bulls are also optimistic that the Consensus Summit will bring positive change to cryptocurrency markets, and that is just around the corner.
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