Bill gates brought bitcoin out of the coma

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Bill GetState: John Lamparski / Getty Images

The price of bitcoin fell nearly $ 10 thousand to 9.2 thousand after criticism of Microsoft founder bill gates and Berkshire Hathaway head Warren Buffett, reports CNBC.

The channel gates called bitcoin is one of the most speculative things in the world. “You produce nothing, therefore we should not expect that its price will rise. It’s the greater fool theory in its purest form,” said gates.

Bitcoin may 5 was getting closer to around 10 thousand dollars, 40 percent after the fall in the beginning of the year. After the statements of gates to 10:00 Moscow time on may 8, the cryptocurrency was worth 9,3 thousand dollars and continued to fall in price.

In April, the bitcoin has shown the lowest since the beginning of the year volatility. If in January the course was changed for a thousand dollars during the auction a total of 21 days, in April there have been two. In may, the cryptocurrency began a steady rise, showing 6-7 may fairly sharp decline.

It happened after the words of Buffett, who on may 5 once again criticized bitcoin. This time he called it rat poison, squared. Vice-President of Berkshire Hathaway and Buffett’s partner Charles Munger believes that trade cryptocurrency “just dementia”.

Video, photo All from Russia.

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