Thaler Follows Buffett’s Advice: Avoid Bitcoin

July 17, 2018

< 1 min

No one can say where or when the next financial bubble will occur, but in the meantime, Nobel Prize-winning economist Richard Thaler says he’s avoiding making a investment: bitcoin.
Thaler, sometimes called the “father of behavioral economics,” is an open skeptic of bitcoin. Thaler told Stephen Dubner that, when it comes to investing, he follows billionaire investing mogul Warren Buffett’s simple advice.

“Warren Buffett says a lot of smart things, and one of the things he says is, don’t make investments in things you don’t understand,” Thaler says. “And I have no clue when it comes to bitcoin.”

Bitcoin is just one of many forms of cryptocurrencies that are used as digital currency and are accepted by a select amount of businesses and merchants. Bitcoin is also currently the world’s most valuable virtual currency by market value, trading at more than $6,700.
“I don’t know why anyone engaged in strictly legal activities would want to use a currency that is so volatile,” Thaler says.

What should you learn next? Turn the wheel to find out!

rainbow circle

How to Become a Great Trader?

share

previous post

Top 7 AI Stocks to Trade in 2025
Top 7 AI Stocks to Trade in 2025

next post

Forex Market Economic Calendar for Monday, July 16, 2018
Forex Market Economic Calendar for Monday, July 16, 2018

Latest posts

Top 7 AI Stocks to Trade in 2025

10.03.2025

How To Diversify Your Trading with ETFs

03.03.2025

Diversify Your Trading with ETFs

Fast Moves, Quick Results: A Guide to Short-Term Stock Trading

24.02.2025

Short-term stock-trading

Trading Routine Checklist: Structure Your Day

17.02.2025

Effective trading routine

Trend Continuation Patterns For Catching Strong Trends

10.02.2025

Continuation patterns for trading

Detrended Price Oscillator (DPO): An Indicator That Ignores Trends

31.01.2025

Detrended Price Oscillator