July. We find that Bitcoin's simpler infrastructure is a source of the cost advantage. Full text for ScienceDirect subscribers only. In addition, the cryptocurrency was up nearly 380 percent this year through Thursday morning, according to data from industry website CoinDesk. Just because they can transmit money?" Buffett said on cnbc in 2014.
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However Buffett has proven to be rarely wrong over the long run and investors should be cognizant of his warnings on bitcoin. Thomas Kim, finance Research Letters, 2017, vol.
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