GETTY Bitcoin price LIVE: BTC is heading south towards $8k

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8.00am HEADLINES Hello and welcome to our rolling coverage of all things cryptocurrency, including price, regulation, innovation and financial crime. Bitcoin is down at $9,059 a fall of $120 on the day so far and a sharp drop from the week's high of $9,922 posted on Saturday. Billionaire investor Warren Buffett's comment over the weekend, namely calling bitcoin "rat poison squared", has angered and confused the crypto community - many of whom consider Buffett to be a "hero". BBC Apprentice Winner, Mark Wright is a BTC investor and a firm believer in cryptocurrency. Mr Wright told Express.co.uk that he completely disagrees with Warren Buffett’s opinion on Bitcoin. He said: "Despite its volatile nature, the cryptocurrency sector has soared in recent years, with experts predicting it will hit a market valuation of $1 Trillion by the close of 2018. "This figure in itself proves Buffett wrong, particularly when you take into account how the value of Bitcoin has developed since 2014 – the time when Buffett first expressed negative opinion on the sector." Mr Wright adds that, “despite his years of experience in business, Buffett’s comment shows lack of engagement in technology and innovation."

Buffett said he was wrong on technology before - and a paradigm shift like crypto is hard to understand. Adam Dodds, CEO, Freetrade

However, Bob Loukas, Founder of Bitcoin.live told Express.co.uk that Mr Buffett’s comments about cryptocurrency, "rise from lack of regulation, not from the market itself". He said: "Firms and venture capital fear the unknown of what is coming and whom they will be held accountable too, and this is stopping them from making longer term commitments. “Cryptocurrency continues to grow even when progress has been hampered by this cloud of uncertainty and any movement towards providing clarity with regards to regulation is something I am personally excited about." READ MORE: Bitcoin is like 'trading freshly harvested baby brains' says investor Charlie Munger Updates below throughout the day....

2.17pm - UPDATE - New York Stock Exchange to get involved with Bitcoin? Bob Loukas, Founder of Bitcoin.live told Express.co.uk that bitcoin is beginning to gain trust in the marketplace. He said: "The news about Wall Street and the New York Stock Exchange working on an online trading platform carries little surprise to many seasoned crypto traders. We’ve seen a similar outline of acceptance with all new technologies, from the initial and natural disbelief, to what eventually gains enough traction to become an everyday aspect of our lives. “With the biggest names on Wall Street warming up to Bitcoin, we can next expect a healthy regulation to be implemented to allow the cryptocurrency the growth and stability it deserves. "What many traders don’t realise is that Bitcoin has been around for nearly a decade, and what started out as this unknown and underground anarchist movement is becoming an accepted currency and an enterprise adopted technology.” “More importantly from an investor’s standpoint, Bitcoin’s ability to weather multiple attacks and price collapses, while remaining easily the best performing asset class of the past decade, is beginning to gain trust in the marketplace.” 12.54pm - UPDATE - BTC in the green Bitcoin has turned losses into gains and reversed the $120 loss. BTC is now £32 up on the day so far with the price at $9,212.

GETTY Warren Buffett and Charlie Munger