'I Am Going With Warren On This One:' Bitcoin Is 'Still Thin Air,' Says Personal Finance Guru Dave Ramsey Despite Trillion-Dollar Market Cap
Portfolio Pulse from Mehab Qureshi
Dave Ramsey, a personal finance guru, reiterated his skepticism towards Bitcoin (BTC), aligning with Warren Buffett's critical view of the cryptocurrency. Despite Bitcoin's market cap reaching $1.34 trillion and its price hitting $68,517, Ramsey compared it to 'thin air' and emphasized his investment strategy does not include high-risk assets like cryptocurrencies. He advocates for investments with a long history of trust, contrasting Bitcoin's recent surge to more traditional, stable investment methods.
March 18, 2024 | 7:57 am
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Dave Ramsey's critical stance on Bitcoin, despite its significant market cap and recent price surge, reflects skepticism towards its value as an investment.
Ramsey's skepticism, especially when echoed by a figure like Warren Buffett, could influence investor sentiment negatively in the short term. His comparison of Bitcoin to 'thin air' and emphasis on traditional investment values may lead to cautious or negative perceptions among his audience, potentially impacting Bitcoin's short-term price dynamics.
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