Famed Bear David Tice Talks Bitcoin: 'I've Been a Believer for Some Time'

Written by:
Guest
Published on:
Feb/26/2018

"There are a number of companies that are looking at, and in fact have embraced, a gold-backing for a blockchain vehicle," famed bear David Tice tells CNBC approximately 6 minutes into the below video following a discussion on the somewhat volatile overall market these past few weeks.

"One of the issues a lot of old timers have had with Bitcoin and blockchain is that it's not backed by anything other than the energy to provide the calculated mathematics in order to create the blockchain," he adds.  "However, what you have is a limitation to the supply."

Tice admits he owns some cryptocurrencies in his vast portfolio though wishes he had more.

"I've been a believer for some time."

Watch below

- Aaron Goldstein, Gambling911.com

Business/Financial News

PricePerPlayer Puts More Dollars in Your Pocket as a Bookie

The primary reason that someone goes into business is to make a profit selling a product or service. The main reason why so many people fail at accomplishing this goal is the lack of having the proper business tools to turn their dream into a reality. 

'Bitcoin Jesus' Fights Extradition Back to US

“They don’t like me, and they don’t like my political views, and they just came at me every which way,” Ver told Bloomberg News in an exclusive interview in late October.

Syndicate

Subscribe to Syndicate
More