BITCOIN’S new rival Stellar is the “faster and cheaper” cryptocurrency that traders are encouraging investors to buy now.
Ripple creators have split and developed a new cryptocurrency called Stellar, which is similar to Ripple and expected to be the next big cryptocurrency, trader Brian Kelly has said.Speaking to CNBC, money manager Mr Kelly said: “Stellar is one that is very similar to Ripple. It is created by one of the creators of Ripple.
Effectively, the company split and they went out and created Stellar. They are already working with IBM, they are beginning to deal with them to do cross-border payments.
So IBM has a payment system similar to kind of what Moneygram wants to do.
Speaking to CNBC, the CEO of Berkshire Hathaway said: “In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending.”
Mr Buffet said he is unsure when the cryptocurrencies bubble will burst but he is “certain” it will happen.
He said: “I know this. If I could buy long-term puts. If I could buy a five-year put on every one of the cryptocurrencies – I’d be glad to do it. But I would never short a dime’s worth.
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