(DISCUSSION Thread) Warren Buffett on Bitcoin. Thoughts?
Warren Buffett on Bitcoin Coming a bit late on the whole cryptocurrency I would like the constructive discussion of the community about one of the biggest icons in the financial sector's take on Btc. For me personally as an investor, cryptocurrency that one day can act as an additional real currency other than the ones we have tied to their respective countries, while also the possibility of the proliferation of crypto into consumer areas (buying and selling goods) is a real value that such an asset has. However, the man being the man who he is, the pinnacle of value investing in short term contemporary era sees none of it. It puzzles me why. Would it be because there is only a finite amount? What would he possibly see that we can't? Also a great pleasure to meet you all.
"A short quiz: If you plan to eat hamburgers throughout your life and are not a cattle producer, should you wish for higher or lower prices for beef? Likewise, if you are going to buy a car from time to time but are not an auto manufacturer, should you prefer higher or lower car prices? These questions, of course, answer themselves. But now for the final exam: If you expect to be a net saver during the next five years, should you hope for a higher or lower stock market during that period? Many investors get this one wrong. Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when they fall. In effect, they rejoice because prices have risen for the "hamburgers" they will soon be buying. This reaction makes no sense. Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices." --WEB in Letter to Shareholders - Feburary 27, 1998 Substitute the word "Bitcoin" for "hamburgers" and "stock(s)", Grasshopper, and you will find financial enlightenment.
Warren Buffett's aversion to bitcoin just escalated. "It's a gambling device... there's been a lot of frauds connected with it. There's been disappearances, so there's a lot lost on it. Warren Buffett, the legendary investor known as the Oracle of Omaha, isn't a fan of bitcoin, previously branding it "rat poison" and a "mirage." Daniel Rice, chief technology officer of Sagewise, is another cryptocurrency expert that takes issue with Mr. Buffett. "We disagree with Warren Buffet that Bitcoin is a zero-sum game,” says Rice Billionaire investor Warren Buffett is doubling down on his bitcoin criticism. "Bitcoin has no unique value at all," Buffett told CNBC's Becky Quick in a "Squawk Box" interview Monday."It is a In an uncharacteristically uninformed rant, Warren Buffett has shown that when it comes to bitcoin and the blockchain, the technology that underpins cryptocurrencies, the world’s most famous
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Warren Buffett Talks About His Outlook On Markets, Tax Reform, Pilot Flying J And More ... Warren Buffett: Bitcoin Is An Asset That Creates Nothing CNBC - Duration: 6:17. In this video, I discuss Warren Buffett's critique of Bitcoin and answer his various objections. I demonstrate that Buffett and his business partner Charlie Munger are very much the beneficiaries ... Warren Edward Buffett (/ˈbʌfɪt/; born August 30, 1930) is an American investor, business tycoon, and philanthropist, who is the chairman and CEO of Berkshire Hathaway. He is considered one of ... Warren Buffett: Bitcoin Is An Asset That Creates Nothing CNBC - Duration: 6:17. CNBC 700,018 views. 6:17. Bitcoin Trading for Beginners (A Guide in Plain English) - Duration: 18:48. Warren Edward Buffett (/ˈbʌfɪt/; born August 30, 1930) is an American investor, business tycoon, and philanthropist, who is the chairman and CEO of Berkshire Hathaway.