Gates: bitcoin is purely speculative. Apples profit potential is the only one.

category:Internet
 Gates: bitcoin is purely speculative. Apples profit potential is the only one.


For bitcoin, Gates believes that as an asset class, bitcoin can not produce anything, so it should not expect bitcoin prices to rise. If there is a simple way to empty bitcoins, it will do so. The price of bitcoin started at about $2000 at the beginning of last year, and exceeded $19 thousand in the middle of December. But since then, bitcoin prices have been falling all the way, with the biggest drop approaching 2/3. I think bitcoin and the first token ICO are totally insane, purely speculative, Gates said. In other words, like many critics of bitcoin, Gates believes that the underlying block chain technology of encryption currency has its advantages. The block chain eliminates the need for three party organizations such as banks by creating a secure and permanent transaction record between them. Bitcoin is the first application of block chaining technology. Many companies are currently exploring the use of block chaining technology in supply chain management, trade and other fields. For Apple Corp, Gates is holding up the decision of stock god Buffett to increase Apple Corp shares. He believes that apple is the most profitable technology company. Gates said Apple is a great company and its P / E ratio is not too high. Pinnacle Technology Corp now has strong potential for profitability, but apple is the most powerful among them. Buffett has pondered over the increase in Apple stocks. Apple is not like some technology Speculative Company who are still losing money or having other problems. Berkshire Hathaway bought apple for the first time in 2016 and added several times. Last Friday, Buffett revealed that his company had increased 75 million shares of Apple shares in the first quarter and has become the third largest shareholder. By the end of last year, Berkshire has held 165 million 300 thousand shares of apple stock. On Monday, Apple Corps share price opened a new high, the biggest increase of over 2%, as of the times 187.32 US dollars, with a total market value of slightly more than $950 billion, and a milestone of $10000 billion as long as the share price rose by $10. Source: first financial responsibility editor: Bai Xin _NT4464 Gates said Apple is a great company and its P / E ratio is not too high. Pinnacle Technology Corp now has strong potential for profitability, but apple is the most powerful among them. Buffett has pondered over the increase in Apple stocks. Apple is not like some technology Speculative Company who are still losing money or having other problems. Berkshire Hathaway bought apple for the first time in 2016 and added several times. Last Friday, Buffett revealed that his company had increased 75 million shares of Apple shares in the first quarter and has become the third largest shareholder. By the end of last year, Berkshire has held 165 million 300 thousand shares of apple stock. On Monday, Apple Corps share price opened a new high, the biggest increase of over 2%, as of the times 187.32 US dollars, with a total market value of slightly more than $950 billion, and a milestone of $10000 billion as long as the share price rose by $10.