PayPal co-founder Peter Thiel believes that Bitcoin could be digital gold . Warren Buffett commented on bitcoin being in a bubble “You can’t value bitcoin because it’s not a value-producing asset” . In a CNBC interview Ethereum co-founder Joseph Lubin “it makes externalities tangible so you can trade them” . There are now more than 120 hedge funds focused on bitcoin and digital currency with over $2.3 Billion in assets under management . Central bank of South Korea announced that they would consider Bitcoin as a commodity rather than a currency .
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