Sydney Ifergan, the crypto expert, tweeted: “Now Warren Buffet is a HODLer of Bitcoin. Interestingly Buffet stated that Bitcoin should do a lot of work to capture the full potential of blockchain technology. Buffet impliedly agrees Bitcoin is worth more than Zeros.”

Justin Sun told Mr. Buffet that Bitcoin is the currency for the next generation; however, Buffet smiled and stated that his Grandson would instead inherit his wealth in USD with a LOL!

Ifergan Further tweeted: “Probably, Warren Buffet’s Grandson would convert his Grandfather’s fortune to Bitcoins in the future.”

Ifergan also congratulated Justin Sun on thoughtfully making Buffet accept the Bitcoin in the form of Gift during the recent dinner.

Sydney Ifergan tweeted, “Way to go Justin Sun! Glad, you put in the first sample of Bitcoin into Buffet’s Wallet – Great Start! You are a great seller!”

Bitcoin Price Trends

Warren Buffet now has got his first-ever Bitcoin from Justin Sun. The price of Bitcoin has been trending at 9,793 at the time of writing. The price of the Bitcoin is increasing to $10,000; however, it has not crossed its crucial threshold. The price has increased by 40% this year. Traders are eagerly waiting the upcoming halving event and other developments that are taking place.

Warren Buffet, who has now got his first Bitcoin, feels that a lot of work should happen if Bitcoin should tap the full potential of Blockchain.

The market outlook for Bitcoin is currently neutral. BTC continues to be the prime cryptocurrency in the crypto market. It is not still clear on whether Bitcoin will work as a safe haven during the uncertain geopolitical turmoil.

Bitcoin and Online Merchants

Increasing numbers of online merchants are accepting Bitcoins. Lawmakers and regulators are nervous about it. Bitcoin is not going to replace the USD, Euro, or Gold, but it is undoubtedly making things disruptive.

Banks need human intervention to handle the transfer of funds, which means they cannot provide a service without charging for the service heads, but Bitcoin can facilitate transfers for low fees. If a majority of the retailers are going to accept bitcoin, banks are going to lose their revenue.

Since Bitcoin is stored in the cloud, it does not come under the umbrella control of any of the governments. The decentralized ledger facilitates Bitcoin. What kind of development in the blockchain technology will facilitate improved adoption of Bitcoin? What did Warren Buffet mean about Bitcoin having to work a lot more to use the full potential of blockchain technology? What is the possibility that Bitcoin has failed to explore?


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