Bitcoin price WARNING: HILARIOUS moment investor compares cryptocurrency to CHOCOLATE COIN

BITCOIN is as tangible as a chocolate coin a top investor has warned in a hilarious quip about the cryptocurrency.
By ABIGAIL MORRIS

PUBLISHED: 18:35, Wed, Jan 3, 2018 | UPDATED: 18:36, Wed, Jan 3, 2018

Bitcoin was ridiculed by Cumberland Advisors chairman and chief investment officer, David Kotok, for having less tangible value than a chocolate coin.

Appearing on Bloomberg, Mr Kotok offered the hosts a “New Year’s gift” – a chocolate coin shaped like a bitcoin.

Handing out the sweet treat, he said: “I brought proof that bitcoin can be tangible, here’s a New Year’s gift for each of you.”

The delighted presenters asked if the gift was chocolate.

Confirming their guess, Mr Kotok said that the chocolate version of the cryptocurrency had more value than the real thing.

He said: “That is a chocolate covered bitcoin, that is the most tangible value you will see in bitcoin.”

One of the hosts joked: “I’m never going to eat it, you never know how much that could be worth.”

The investor added that he had a positive outlook for markets in 2018 but not for bitcoin.

He said: “I’m optimistic on markets, not that market, cryptocurrency.”

According to CoinDesk, bitcoin was up 1.04 percent to $14,894.66 at 18:09 GMT, on January 3.

The cryptocurrency had risen above the symbolic $15,000 mark earlier in the day following news Paypal founder Peter Thiel’s investment arm, had purchased hundreds of millions of the cryptocurrency.

Posted on link: https://www.express.co.uk/finance/city/899713/Bitcoin-price-news-USD-cryptocurrency-Peter-Thiel-value-chocolate