Buffett on cryptocurrencies

[ivan376]

Buffett on cryptocurrencies: 'I can say almost with certainty that they will come to a bad ending'

I totally disagree with you Mr. Buffett. Your an obsolete guy who lack knowledge about the beauty of the cyptoworld. Bear in your mind that this now the technology. Your no longer living in the 40's. You just can't accept this change.

[The Sceptical Chymist]

Yeah OK buddy.  WB is one of the wealthiest guys in the world, and he knows what he's talking about--and he's lived through more bubbles than you and me combined.   And he's been investing successfully since he was born. 

He sees a digital money whose worth is based on people's perception and need for it, and a quick glance at the chart tells me it's bubbling something fierce. 

Your words are typical of people who've gotten in at the top.  I know I can't convince you with words (especially not in English), but you'll see.   It'll take a while, because sentiment is still bullish, but bitcoin will crash eventually.

[Omegagen]

He has to say what he said.  He made his money trading on stock markets domestic and abroad.  I am sure he has made friends and business acquaintances in the financial world throughout his extremely successful life.  All the money going to crypto is money that is NOT going to your traditional exchanges.  Traditional  exchanges are where his "buddies" make their living.  He's looking out for them!  He and the markets have a symbiotic relationship...they need him and he sorta needs them!

[ivan376]

If bitcoin crashed, new crypto will rise. This is now the trend. Stocks market will eventually adopt tokens.

[左]

I really wonder if Warren Buffett truly understands the underlying technology behind crypto and bitcoin, something tells me he doesn't