If Bitcoin does not reach $500.000 by the end of 2020, I will eat my d*** on national television.
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I do believe that 98% to 99% of NFT projects will fail as investments but that's similar to me as internet stocks in '99 and 2000. But Amazon.com was there. The internet changed our lives and the blockchain and NFTs will do that as well.
We are living more and more increasingly in a digital landscape, and NFTs become assets to communicate who you are. And that's something human beings have done forever - bought things to communicate. And NFTs will be the scaled version of that.
I think NFTs are grossly misunderstood. People thought that Andy Warhols and Jackson Pollocks should not have value. People thought that sports cards should not have value. People thought that sneakers should not have value.
I think it could result in faster, safer and cheaper payments, which I think are important goals.
[Blockchain] is a very important, new technology that could have implications for the way in which transactions are handled throughout the financial system.
It’s an extremely inefficient way of conducting transactions, and the amount of energy that’s consumed in processing those transactions is staggering.
It is not a stable store of value and it doesn’t constitute legal tender. It is a highly speculative asset.
I will just say outright I am not a fan, and let me tell you why. I know there are hundreds of cryptocurrencies and maybe something is coming down the line that is more appealing but I think first of all, very few transactions [that] are actually handled by b...
I certainly didn’t invest in crypto. I’m proud of the fact that I avoided it. It’s like some venereal disease.
It’s really kind of an artificial substitute for gold. And since I never buy any gold, I never buy any bitcoin. Bitcoin reminds me of what Oscar Wilde said about fox hunting. He said it was the pursuit of the uneatable by the unspeakable.
Of course I hate the bitcoin success. I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth, nor do I like just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial pr...
I wish they’d never been invented.