Genesis Mining’s Bitcoin advocacy campaign has posted several billboards outside of Warren Buffet’s office to remind him that he was wrong about Google and Amazon, warning him he may also be wrong about Bitcoin, too.
Some new billboards outside of Warren Buffetts office! 🙂
#GenesisMining #Bitcoin #BitcoinAwareness pic.twitter.com/MxuKLwRS8L— Marco Krohn (@mkrohn5) May 16, 2018
The billboards went up shortly after Buffett dissed Bitcoin during a Berkshire Hathaway annual shareholders’ meeting.
Buffett called Bitcoin “rat poison squared,” according to CNBC reporter Becky Quick, who live-tweeted the Berkshire Hathaway annual shareholder meeting.
.@WarrenBuffett on bitcoin just now: “it’s probably rat poison squared.” #brk2018
— Becky Quick (@BeckyQuick) May 5, 2018
Buffett further reiterated his earlier warning that “cryptocurrencies will come to bad endings,” The Wall Street Journal reported. “If you had bought gold at the time of Christ and you figure the compound rate on it, it’s a couple tenths of a percent.”
The billboards have drawn a lot of support from people on Twitter, some of whom speculate the investing guru doesn’t have any need for cryptocurrency given his wealth.
One user on Twitter suggested cryptocurrency will get Buffet’s attention when it is eventually used to tokenize conventional stocks.
Genesis Mining’s Bitcoin awareness billboard campaign is an effort to educate the public about Bitcoin. One goal of the campaign is to provide balance to the negative impressions that mainstream media often gives to Bitcoin and cryptocurrency as a whole.
Earlier this month, Genesis Mining organized a “Bankers Against Bitcoin” demonstration at the 2018 Consensus blockchain conference in New York City. The protesters, who presented themselves as bankers, carried anti-Bitcoin signs to convey the banking industry’s opposition to Bitcoin.
Marco Streng, CEO of Genesis Mining, noted on the Bankers Against Bitcoin website that decentralized technology marks the biggest competition banks have ever faced and noted that the protest represents what will happen to companies that fail to accept change.
The website further noted the #ExploreBitcoin project began two years ago to raise public awareness about Bitcoin and its underlying technology blockchain.
The campaign has already executed numerous events to raise support for the worlds top cryptocurrency.
In 2016, the campaign attacked JPMorgan CEO Jamie Dimon, a strident Bitcoin critic, with mobile billboards circling the Miami Bitcoin Conference.
While last year, the campaign criticized journalists for its negative coverage of Bitcoin.
The campaign has also provided images that can be posted on social media quoting Eric Schmidt, CEO of Google, saying “Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has enormous value.”
More campaigns, Streng says, will be coming soon..
Bitcoin is currently trading at [FIAT:Â $8,316.76] according to Coin Market Cap at the time of this report.
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