Bitcoin Forum

Warren Buffett has changed his mind about gold as an investment, prompting some people to think that he might do the same with bitcoin. Max Keiser has predicted that the Berkshire Hathaway CEO will panic-buy bitcoin at $50,000.


Billionaire investor Warren Buffett had always held a negative view on gold as an investment. He previously said repeatedly that he preferred to buy shares of good companies instead of any gold investments. That has changed, however.

Buffett’s company Berkshire Hathaway revealed Friday that it had dumped bank stocks and took a position in a gold miner. The price of gold recently spiked to more than $2,000 an ounce. Berkshire Hathaway closed position in Goldman Sachs completely, reduced position in JP Morgan Chase by 61%, and sold holdings in Wells Fargo and PNC. Instead, the company bought a stake in Barrick Gold, one of the top gold mining firms, sending the miner’s shares soaring Monday along with shares of its competitors.

Another investment the Oracle of Omaha made no secret of disliking is bitcoin. In 2018, he referred to the cryptocurrency as “rat poison squared.” In February, he had lunch with Tron founder Justin Sun and several other crypto companies’ executives. Sun gifted him his first bitcoin, stored in a Samsung Galaxy Fold phone. However, the billionaire investor donated it to a charity and emphasized that he will never own bitcoin.

Nonetheless, Buffett’s changed stance on gold has made people in the crypto sector wonder if he will do the same with bitcoin. Jason Williams, Morgan Creek Digital co-founder, tweeted Saturday:

INTERESTED to know more about this? - Go through the link below: https://news.bitcoin.com/warren-buffett-gold-panic-buy-bitcoin-50k/

Does not really matter what Warren Buffett does and there is no need speculating on whether or not he would change his mind, except of course you are a shareholder in Berkshire Hathaway.
Bloggers only write about such stuff cause it's expected to attract traffic not cause it's real news, and a whole article is spurn off a tweet and a couple of comments.

Old school buffet is still has doubt trusting codes, its good that he is now interested in gold.

Sooner or later he will surely invest in bitcoin.

For now, we have heard his actual thoughts that he has for bitcoin. It could be that he already bought as he's a known investor and he'll be the first to know assets that he can earn from although it's just a guess.

But he has called bitcoin a "rat poison" before and looks like his actual belief for bitcoin is firm. As much as we want to know that he'll change his mind, he knows the investing game. And at least, let's accept for now that he doesn't like bitcoin.

to make this prediction one must first try to speculate whether he hasn't already bought a lot of bitcoin. i personally believe that people like Warren Buffet have been accumulating bitcoin for a couple of years now specially when its price was very low and during the 2 major bear market and stable/transition periods of 2015 and 2018.

P.S. saying someone with years of investment experience is going to "panic buy" something is just stupid and shows how little Keiser knows anything.

1. Warren Buffett doesn't invest in things he doesn't understand
2. Warren Buffett invests in businesses, not in non-productive assets(e.g. gold, bitcoin, silver, etc)
3. Warren Buffett invested in a gold mining business that generates cash flow, not in gold specifically
4. Max Kaiser is a nutjob, and is making such tweets just for Twitter publicity
5. Stop fantasizing about Warren Buffett buying bitcoin because Bitcoin's success doesn't depend on Warren Buffett buying it

I had few things to say but after seeing this ^ I do not think anything else is needed. Warren Buffett had his time once upon a time, one should not expect an old school to understand technology (Jet Cash is an exception :-D). Besides bitcoin is not a one-person thing any more, in fact it never was.

I do not think anyone cares about what warren buffet likes about bitcoin or what he hates about bitcoin accept those new media. They (news media) need something to sell their news after all.

True. People are fantasizing Warren Buffett buying bitcoin a bit too much just so their bags could pump in price as soon as possible due to the potentially huge publicity. While I don't mind Buffett buying bitcoin(because anyone is free to do so), freakin hell people have some patience.

LOL I get that context.

 ;D the number 5 is gonna really hit the market  ;D

Is the world going to change its rotation when he changes his mind?  ;D
It doesn't matter.
He is just one guy.
If it is Satoshi who is changing his mind (wherever he is) then I will consider giving a shit about it.  ;)

Indeed. Warren Buffet doesn't like bitcoin from the start, so I think many people wouldn't care if he would change his mind and start to buy bitcoin as an investment because he is just one guy that obviously it will not give a significant effect on the market. Most bitcoin holders only care about Satoshi if he starts showing his true self because many crypto users have a lot of questions about him and bitcoin.

The man is Old thats why i think His stand will remain and His word will stay.

Though no one knows if he had already invested in crypto ?we can't tell right?

but for sure even if He resist buying crypto currency when he dies and the generation after Him will invest in crypto because this is the money of future and His successor knows about that.

We know him as the type of investors who holds mostly cash and will just invest at the perfect time.
Right now he saw what are happening to the banks right now that is why he sold his shares on it. Remember that at the start of the pandemic, he also sold his shares in different plane companies.

Now he invested in Gold where no one expects him to invest on it and for sure there will be one moment where he will see the positive side of Bitcoin and will choose to invest on it. For sure it will be a huge news for the newbie investors so they will jump on it too :D. Although I'm expecting for him to invest on it in the future, there is still a chance that he will not invest on it too.

Let us respect the Mans decision ,we are not all believers and besides one day in our life we have thought that this is also a scam until some proves come to our way to let us decide if willing to invest or not.

Maybe he will change his mind in future no one knows.

and also He is a Good Businessman and He knows what he is doing,so stop making talks about Him since He don't wanna support our crypto market.

Yes. But question is will he live long enough. He is an old guy. His opinion about Bitcoin will be under tremendous pressure in 2021.    Also when Warren Buffet will let us known he likes Bitcoin he will already have a huge pile of Bitcoin ans tart dumping it on newcomers. 

Gold is having a very good rebound, in fact everything that is related to gold should be taken into account and if it can be invested, Warren Buffet always makes his movements having a previous study with a great analysis of all kinds, to Although he disagrees with Bitcoin, I know that at some point he will see the benefits of it, maybe not yet, but I am sure that he is beginning to accept the technology, seeing that it is safe, he will begin to give the go-ahead to bitcoin, which Similarly, whatever you say, bitcoin is one of the smartest investments you can make.

He's not one to reconsider. He's too old to grasp these sorts of things and would just bother to expand and tend to the empire he has built and things he knows some things about. Perhaps the one who would inherit his wealth would look into the crypto hype once it crosses a certain price threshold, and would invest loads of money into it to not miss the rocket. For now, most of these articles involving billionaires are just petty talk for the clicks, with the exception of the Winklevoss twins and Elon Musk--though the latter only 'likes' the idea, but hasn't really invested money into it.

I rather believe that he is or is involved in Bitcoin himself. He's kidding his customers. When Bitcoin hits $100K, he'll change his mind and say Bitcoin is the new gold etc.
That's how he makes money and I don't think he's stupid, he's just pretending.

I hope he doesn’t change his mind, and given that he’s already 90 years old the time is definitely not on his side. On the other hand, it’s nice to see that some have finally opened their eyes and aren’t blindly following WB and his visions of Bitcoin - so people change minds about Buffett opinion regarding Bitcoin :D

https://bitcointalk.org/index.php?topic=5270125.msg55031397#msg55031397

Yeah, he’s probably already invested in bitcoin. He knows that it he speaks positively about it then the price will rise. He has a big platform & a lot of respect, people listen to him. There’s no way he has 0 bitcoin, he’s probably still investing & doesn’t want the price to rise yet. He’s a shrewd businessman, he isn’t dumb. People shouldn’t always take things they hear as the truth.

Warren Buffet? Panic buy? Warren Buffet? Panic? Buy? I think there is two possibility either the owner of the article just lost his mind and now needs a straight jacket and locked up somewhere or he doesn't have any clue who Warren Buffet is.

I personally think that Warren bought gold because he knows he is quite old so he can't continue to trade constantly, so he just moved his assets to gold in order to not have to worry about making more profits with right investments, dude knows his time is coming so there is no way to make much more trades and investments for the short period and try to have 20% per year type of income, just have gold and not lose people's money and that should probably be enough until Warren dies himself.

Knowing all his children are already happy and not dealing with his business, dude is basically leaving company slowly.

Buffett didn't really "change his mind" about gold.  He saw a potentially profitable investment and bought it.  He also didn't buy a pile of physical gold, but stock in a mining company if my understanding is correct--but either way, this isn't the first time he's bought something in the precious metals market.  Years ago he bought a bunch of silver and sold at a profit, and I think I remember him stating that he regretted doing that.

But no, I don't think Warren Buffett is going to change his mind about crypto, not even after that kind gift of Tron from Justin Sun (lol).  He's not ignorant about what bitcoin is; he just doesn't invest in things like that.  He's a value investor who buys companies that are currently undervalued in the market, not a super-speculative asset like bitcoin.  That isn't his style, and his style isn't going to change.

You're out of your mind.  I suggest you read one of Buffett's autobiographies if you haven't yet done so.

Does this really matter? If Waren Buffet will change his opinion about Bitcoin? I don't think so. I don't know why anyone from Bitcoin community should be worried or concerned what he thinks about Bitcoin and if he invested in Bitcoin. He's not the person who should be relevant for crypto community.

It matters I guess because some want him to realize BTC is not "rat poison squared"

If you are used to investing shares, you are likely to want more than just a thousand shares but will prefer 100K or so. IF warren will invest to BTC, he'd probably buy to a hundred thousand. So if he buys later when the price is $50k, its just going to make him look a fool. He wouldn't want that. He'd wait till the price dips again. But I hope it won't.

Warren is one of the greatest Investors I admire, he's not a short term investor and won't adventure into anything he doesn't understand either due to hype or what we call the "Next big thing'. Instead he search for shall companies buy them and make them the next big thing (lol). I won't blame him for not publicly buying the into the idea bitcoin is selling. If he does, it might crippled other traditional institution like banks etc and been one of the big investing we n this firms I don't think he'll want his portfolio to be affected negatively by his decisions.

Nevertheless, just as others have said, nobody cares about Warren opinion anymore. We're in a tech driving economy and sooner or later the blockchain technology will strive as the driving force of global economy with or without Warren investing in bitcoin.

There's no impact on his action even if he buy millions, Bitcoin is doing great in fact, people will just considered the action that he is riding the Bitcoin mania or trend, very different if he comes in when Bitcoin is just starting out, Bitcoin is very much fine with or without him, but it will have a positive impact if he decides to buy now.

There is no reason for Him to change His mind,not because He consider Gold now meaning he will do the same in crypto This man is a expert Businessman and do not believe in speculative world.
what He is looking is a sure profit with moving product.
It is Us who cares if he Buys mate,because Holder like me wanted to Lure more whales and having Him aboard ?will surely add value to crypto market.

Would he change his mind? Nah, and I don't think he would (judging from his previous stand). But I'd be glad if he would. This says a lot about him. Besides, maybe his ideology with financial/investing stuff doesn't suit on how bitcoin works. Kinda bad for him for letting this thing slip though, but yeah... he's already rich, so it won't even matter, after all.

I'm pretty sure Warren Buffett, a legendary investor as he is, knows that the sort of "number of shares" doesn't really matter as what mostly matters is Berkshire Hathaway's percentage ownership of the total outstanding shares of a certain business/stock, or in this case with bitcoin, the total circulating supply. The "number of shares" investment thesis only actually works on the inexperienced investors like people who hold XRP just because the price is "cheap".

Again though, Buffett invests in businesses not metals and or stores of value.

I really don't think that we need to push Warren to appreciate bitcoin though, he already made a lot of statement in the past against bitcoin so I doubt that he will change his mind. He doesn't invest on things that he is not sure of and as volatile as crypto, so not cup of tea of his.

But we will be fine though, there could be silent investors who are willing to take the risk on bitcoin unlike Warren and that's what is more important now. Instead of just one person show of his, better to hear 10 investors with millions being pour on the market. And I think others already know that an old and traditional fart such as Warren Buffett is hard to convince as he doesn't want to get out of his comfort zone.

In his previous statement, Warren Buffet had also stated that, but what I know cannot change bitcoin at that time, people believed more in a sustainable market than in vague talk.

But I am sure investors will know which ones to take the risk of investing in bitcoin and I think it has been widely believed, every Warren Buffett talk about bitcoin will be covered in the news so this will be a lot of conversation.

I keep asking myself the following:

Did Warren Buffett and others who keep saying that they didn't invest in bitcoin not buy bitcoin and keep hiding the fact that they buy bitcoin?

If I were one of those people and I had a lot of money I would buy a lot of bitcoins and I wouldn't tell anyone that I bought bitcoin and nobody would find out, that's why I keep wondering if these very smart people and investors of great experience are not buying bitcoin and then they keep saying that they not bitcoin.

He will never buy millions. He for sure has some, whatever the media tells you or what he tells the media, but he would never risk so much money in any asset of one kind no matter what. He's actually what I call a safe bettor, which works great to build small amounts of percentage gains when you have billions haha.

His gold move, while based on something he thinks is for fuckheads, was in line with his philosophy of value investing, he just extended it a little further than he has in the past.

The only way I could see him ever getting involved in anything crypto-esque would be investment in an exchange if one were listed and even then they'd have to be far more established and openly and consistently profitable to earn consideration.

I can't see him bothering in his lifetime. And in no way do I believe he has a secret stash and all this has been trolling.

Casual stuff because we  know that these fellas arent really that tactful when it comes to their holdings or things that they had invested into.Some might really be active on saying on buying that or buying those
but there are people who rather decide to look to be so negative or doesnt care at all but they've actually been holding or buying secretly.

I wont be surprised that WB had purchased lots and to know that they do have some reputation need to be protected.When you are a hard fiat or traditional investor then dealing with something like
crypto will somewhat tarnish other co-investors views towards you.(this is just my presumption.)

On the question if he would changed up his mind? Who knows?

yes he can  . we all can change our mind and it will just come at a random time  . haters gonna love and lovers gonna hate but if warren joins the btc club , its gonna be a plus point to us because his supporters will definely do the same thing  aside from him promoting btc to others . for now lets not get too excited because this is only one guy but there are many casual people outside who constantly join the ride  

Why is everyone focused on changing everyone's mind, there are many investors who might not be interested in BTCitcoin and there is no point in trying to change their view point, when it comes to gold as an investment or BTCitcoin you really do not need the recommendation from Warren Buffett or any economic influencer to know that the price would go higher.

Let me play devil's advocate for a moment. :P

If Buffett can wrap his mind around ROI on a gold mining business, what is to stop him from seeing the exact same value proposition on a BTC mining business?

I don't see him hoarding gold or BTC, but mining infrastructure also plays a role in price discovery. Not to mention the legitimizing effect such an investment could have on the mainstream investment community!

every investor has his or her own style and will only invest in what he/her believes in.

I see a 0% chance that Warren Buffet will change his mind and invest in Bitcoin, we all can't force him to like/believe in Bitcoin.

without Warren Buffet, Bitcoin will continue to grow and be favored by young investors.

This is his recent rant about bitcoin, or crypto in general, Cryptocurrency ‘has no value’ – ‘I don’t own any and never will’ (https://www.cnbc.com/2020/02/24/warren-buffett-cryptocurrency-has-no-value.html). With that statement, I don't think that he will change his mind about bitcoin in the future.

In investing specially with this billionaire Profit has always part for their targeted areas,while He changed His mind towards Gold that he denies over the years then why not in Bitcoin or other cryptocurrencies?
i believe that these days the man is observing carefully about how this market goes and what kind of profiting might held Him so i am positive that over the time He will change His mind and may invest inside crypto.
Well isn't same rant he says about Gold in the past?but now changing His mine?

anyway there is always place for Buffet in crypto so whenever he decide to Buy market is open as always.
and i think that if Bitcoin made another Run this year more than what we got in 2017?i think chances of making another decision will be on His way.

Bitcoin doesn't need these big names, I mean sure it would be a big support if something like that happened, however it also doesn't mean that it is needed neither. I would say as long as we the people keep on supporting bitcoin I believe that is enough. Bitcoin is not like stocks, in the stock world when Warren Buffet buys a stock the price of that stock goes up right away, not even for a proper reason, it goes up because "warren buffet bought it" and that is really funny enough and totally not a reason why it should go up.

Bitcoin on the other hand is not like that, if people buy it the price goes up, if people sell it the price goes down, the community decide on what would be the price of bitcoin and that is why I believe these big names should stay away from it.

i know what you feel mate . yeah we are happy now on what we have on btc today and we dont want any drama . if he joins here , he can change his mind again and maybe will do complains like what he acted on his previous partnerships .

im not familiar to stocks but thanks for explaining it if thats how it really works . it means it can be easily manipulated by a single influencial person  ? ouch

Maybe he will change his mind in the future when most of the financial system will turn digital insted of cold hard cash, he is always fond of the cash just like a small chind who likes shiny things, once the world start accepting bitcoin then maybe he will change his stance about cryptocurrencies and embrace them. Although right now the chances of that happening are very slim, I guess he will prefer to remain an old school investor rather than innovating and becoming the new world investor. Bitcoin is still a small market that he doesn't want to play in which I guess won't be the same in a decade or so.

I don’t want to sound rude, but Buffett is at such an age that his opinion should no longer be as important as before - there is a high risk that it is wrong (due to age-related changes that are inevitable for any person). His opinion is interesting, it should be studied and discussed, but I would not rely on it.

Bitcoin is good and if he can still trade, then he must start supporting Bitcoin now because it will go way beyond his expectation. Warren hates gold before and now, he is buying it and it can also happen to bitcoin despite of his criticism before. Warren can still influence many investors so if Warren decide to buy bitcoin, then the price pump can happen.

As far as I know, the basic principle of Buffett's investment is: invest in what you use yourself. I can hardly imagine what needs Buffett should have in order to start using bitcoin. Is it a crypto casino or tax evasion? In both cases, he is unlikely to advertise it.

Hope you are aware that Warren Buffett is 89 years of age and he is a billionaire and he does not need to change any of his views at this age as he is not even looking to view the cryptocurrency market as an investment on a personal level. If we had a much better scaling solution that could accommodate millions of transaction then you would have a shot at convincing the naysayers.
 

I would think that if any financial giant and not just warren buffet want to change their idea about bitcoin, that would happen with something a lot more major, like for example right now there are some big companies dabbling with bitcoin right now but not all of them go in big.

For example, the whole worlds financial companies like investment companies and banks and so forth have like a forex side right? Well, not all have crypto and the ones have crypto do not have that big, when they go that big, I would understand all of them get in, by that time Warren may not be alive like you said, but I believe it is possible for other financial giants, think of them as companies instead of people, like Berkshire might even if Warren is not around anymore to be getting in.

Wont really that matter much neither if its just an individual or a group as long they are financially capable then they can really make out movements on where a company or group would able to do so.
As mentioned where doubts will really be there specially for those people who do hardly believe on institutional investments.Majority will really be just waiting for someone to make a step or they did already
able to do so but only on a test phase amount.They cant just go all in without even thinking about the risk behind it.

When it comes on Warren buffett changing his mind then anyone can do that.There are decisions which are made to be broken if he do reconsider it out on leaning back to Bitcoin once again
even if his a die hard traditional investor.

He has not contributed anything to this technology so he don't deserve a mention in this community, wonder why people are creating a thread or a post about him when he looked Bitcoin negatively, I don't think he will ever change if he do shame on him for not supporting what is obvious to the world as the next big innovation.

BTC represents a commodity or cash value in his best view, its not an investment.   I even agree with him, he has no need to buy this asset especially himself and he has said many times that technology is not his arena to consider.   His firm did buy up tech, apple and intel but he has junior staff taking over the reigns so the decisions for a giant fund dont solely fall on a man who wont live forever.


Never and everybody knows this already, Buffet buys good assets on a stormy days and he has done that since the 1930's probably so its not about to alter.   He can enter Crypto in some way but it wont be forced as he has all the tools to choose his battles.   His history with gold or silver is he did briefly own the raw commodity but more commonly he buys into gold via a chain of pawn broker shops.   These are some of the most profitable operations in retail and if you want gold, its cheapest here.   Similarly if he wants crypto he'd enter via an operation gaining possession cheaply in this way, like a casino is very capital intensive but also obtains that asset about as cheaply as possible.    Its not impossible but I dont see Buffet really understands a worth to crypto, I do disagree with his silence vs central bank policies but he does business not politics and macro economics.

Even at this age he's quite strong with his investment plans and continue making millions. We can't state him to be out of the technology. In my understanding these people observe the market very precisely, but doesn't have the willingness to invest considering the market fluctuation and the growth pattern. In simple this is for the new generation people who are good in dealing with technology associated investment.

Buffett is not different from most rich men of his age, they dont understand the technology of this age and always get there late. THough gold is a very old investment that he oppose but he understand where to get the profit which I think it  is a lesson to be learnt in the market. Choosing a coin as its maximalist is not the best position for this market. Every investor in chainlink, ethereum etc would have made more money this year than claiming a maximalist. Cryptocurrency is likely to make the richest man in the world in few more years

Stocks and Forex is just pretty much the same with crypto and of course when it comes to market then price would really move up and down and one of the factors will neither be that someone who are financially capabled or  famous ones did bought such thing.It mighe be having the difference between assets but they are much the same but we know that people like  Buffett would really much prefer into those
things that are centralized or things that he do seed that much less riskier than crypto.

I cant really blame him though but we dont know if hes investing gradually on crypto without telling or showing off into the public.These billionaires doesnt really need to show something from time to time in regards
into their investments or plans and it will vary on each one of them if they tend to share it out or keeping it a secret.

Changing up his mind towards btc investment is plausible.

The main problem for billionaires and for funds when investing in bitcoin is low capitalization. Can you imagine what will happen to the price of bitcoin if some investment fund tries to buy bitcoins for at least 5 billion dollars? It will blow up the market. But this is a rather small amount for investment funds.

Well, you have a point there, --it means it is easy to manipulate the price and play the market with these rich men. Because bitcoin is not a form of investment, this is a form of digital cash to use in alternatively in physical money.
I don't care about Warren Buffett, bitcoin will grow the price at the right time when there are such much who appreciate the usage of bitcoin and the blockchain technology behind on it. We need mass adoption in order to circulate the demand and supply of bitcoin which gives the power to increase the price. Not by the price manipulator, it should be organic growth.

I fully support you about organic growth and mass adoption. The massive use of bitcoin is the only non-speculative reason that can lead to the growth of bitcoin. I hope that solutions for the second layers (lightning, etc.) will become more popular and will allow more transactions using bitcoin (although I am an ideological opponent of additional layers and believe that all transactions should take place directly in the bitcoin blockchain, but at the moment there are simply no other technical solutions to increase the number of transactions in the bitcoin blockchain).