Jon Ostler, UK CEO at finder.com said, “While billionaire Warren Buffett’s comments may have temporarily caused a sharp drop in the value of Bitcoin, overall the cryptocurrency market continues to trend upwards following last months’ bear market. Bitcoin has already started to recover while Ripple (XRP) has secured numerous partnerships with financial institutions. However, our panellists make the distinction between the Ripple technology and the coin – they’re not as optimistic about the coin itself, with an average forecast of a 15% drop in price by end of year.
“The prediction for EOS (EOS) is also interesting, as it shows the panellists’ confidence that the expected main net launch in June will boost the coin by the end of the year, despite seeing an 11% decrease in price by 1 June 2018.
“Despite Buffett’s remarks, cryptocurrency is growing in popularity as its acceptance and investment by major global banks such as Goldman Sachs becomes more mainstream. Before investing in any new currency it’s important to remember that the market is still volatile and many of the laws surrounding cryptocurrency are still in flux. When looking to invest make sure you consult a professional advisor and have a cryptocurrency plan in place before starting to trade or exchange.”