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Traditional investors reveal their opinions on Bitcoin as stock prices approach record levels

Several traditional investors have expressed their opinions on Bitcoin while it continues to soar to reach peaks. During the morning of December 8, 2017, the currency traded above $ 16,000 per chip and reached over $ 18,000 in one market.

Due to its phenomenal stock market performance, several billionaire investors expressed their opinion Skepticism on its intrinsic value

In his commentary, legendary activist investor Carl Icahn says that he can not not understand the performance of Bitcoin and he thinks it's a bubble.

"I do not understand … If you read story books on all these bubbles … that's what it is."

Meanwhile, billionaire Warren Buffett, considered to be the best investor of all time, advised investors to stay away from the most popular virtual currency as it s & rsquo; It is just a "mirage" and a territory of bubbles.

"Stay away from that … it's a mirage … the idea that it has a huge intrinsic value is a joke." It's a way to pass money. "

A prominent billionaire and founder of one of the world's largest hedge funds, Ray Dalio, still takes a cautious stance: [19459004

"Bitcoin is a bubble … It's speculative people, thinking that they can sell it at a higher price … and so, it's a bubble."

Still undervalued at current price

former Wall Street and hedge fund manager, Michael Novogratz, claimed that Bitcoin and others Cryptocurrencies are real and that Bitcoin could be an alternative or a replacement for gold. He added that the price of Bitcoin could go up to $ 40,000 before the end of the year.

"The total capitalization of all cryptocurrencies is $ 300 billion.This is nothing.It is global.I have the impression that it can go a lot further. "

PayPal co-founder and investor in financial technology Peter Thiel, however, sees Bitcoin as having" great potential ". In his interview with CNBC, he explains that Bitcoin is more than just a cryptocurrency:

"I'm skeptical about most of them (crypto-currencies), I think that people are a bit … underestimate bitcoin especially because … it 's like a form of money reserve, it' s like gold, and c & rsquo; Is just a store of value, you do not need to use it to make payments. "

Increasing Bitcoin skepticism has not prevented the Russian oligarchs to invest there either, the traditional Russian billionaires like Roman Abramovich, Aleksandr Frolov and Aleksandr Abramov investing large amounts in crypto-currencies, including Bitcoin, through a European fund called Blackmoon Crypto.

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Finally, the Winklevoss twins, the classic Bitcoin posters that began investing in digital currency in 2013, remain optimistic about cryptocurrencies because their holdings made them the first Bitcoin billionaires.

Time will tell who among these investors are right. Regardless of which side you are on, keeping yourself informed and exercising due diligence will help you form your own judgment and investment decisions.