Warren Buffett vs Cathie Wood: Who Will Be Right About Bitcoin?

Last year, Bitcoin (CRYPTO: BTC) hit record values as it breached the $100,000 mark and continued to climb higher. Cryptocurrencies can be extremely volatile, but for many enthusiasts, it was a sign of the growing acceptance of Bitcoin and digital assets as a whole. Many analysts and investors see a lot more upside for the digital currency. Ark Invest's Cathie Wood, for instance, sees the cryptocurrency potentially soaring as high as $1.5 million by 2030.But not everyone is convinced that crypto is the real deal. Billionaire investor Warren Buffett has previously said that Bitcoin and cryptocurrencies in general "will come to a bad ending." While it's been years since he made that prediction and it looks to be incorrect right now, it's still a possibility to consider when looking at the long term. Which investor is likely to be right about Bitcoin: Cathie Wood or Warren Buffett? Below, I'll make the case for a bullish and bearish position on crypto, and explain which scenario I think is more likely to play out for Bitcoin in the long run.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool