Warren Buffett's obsession with physical things, gets in his way to see the gem

[Slow death]

why do we have to worry about what he does or doesn't do? why do we have to worry about what he thinks about bitcoin? He is not a god, he is just a man. Sometimes I get the impression that the crypto world looks like a child desperate for attention ... we have many investors, and more investors have entered the crypto market, we don't need this Warren Buffet

[mk4]

I'm not saying that it's mostly on stocks, but I have zero doubt that stocks(and equities) should definitely take a significant percentage from his income sources. I mean, he's the CEO and chairman of Berkshire Hathaway, which is a holding company that holds a crap ton worth of stocks.

[hatshepsut93]

I don't know a lot about Warren Buffet, but he sounds like the kind of guy who never ever admits that he was wrong and who just doubles down when he faces contradicting facts. We've seen other nocoiners like Jamie Dimon softening their opinion with time, when it becomes more and more clear that Bitcoin is not going away, but Buffet was saying the same thing for years. This just shows us that you can't trust a single guru and instead try to learn from multiple people.

[jseverson]

I don't think it has anything to do with something being physical. He's clearly alluding to things whose value are backed by something. What he doesn't grasp is how Bitcoin has value despite being decentralized, and I think that's perfectly fine for someone who has built his wealth the way he did using the regular system.

Either way, his dislike of Bitcoin isn't really news to anyone at this point, so there's probably no use dissecting it. He's worth more than a lot of us ever will be, so he's at least entitled to his own opinion about finance.

[Periodik]

I think it is not Warren Buffet's problem anymore. Leave the man alone. To each his way of investment. The man is full of wisdom, we all know that. He has turned himself from a mole hill into an enormous mountain. We all have our own preference in terms of investment. It is unfortunate on our side that a well respected man in terms of finances is not on our side. As for him, I guess he is not bothered at all that he is not joining us.

[Kakmakr]

It's really hard for me to understand that some people are incredibly fascinated with Buffett, and in same time they are on cryptocurrency forum which should be about Bitcoin and not about why some dinosaurs persistently refuse to use new technologies.

Would we as crypto-community should try to change his mind, convince him to get into Bitcoin? Do you want Buffett invest few billion in Bitcoin, pump price and then dump all, and send us at the crypto beginning?

I do not see any reason that this person is even mentioned in the forum, he is all about making money, he is 100% against cryptocurrency and he call us with not very pleasant names.

The answer is very easy. Warren Buffett is one of the richest people in the world and he is admired and followed by millions of people around the world. His opinion on Bitcoin is important, because it will help with global adoption and it will also motivate 1000s of retailers to accept Bitcoin as a payment option.

A record breaking 16200 people attended the yearly Berkshire Hathaway's (BRKB) shareholders meeting in 2019. A lot of these people are influential business people like, Bill Gates. <You only qualify to attend this meeting, if you own shares in Berkshire Hathaway>

Warren Buffett has a cult following and people admire him as a cult leader.  

[xvids]

Everyone have a different perspective there are some who value something while other see's it as something useless.
We shouldn't judge others base on what they value and we don't have to critize others for what they want.
Everyone of us have different interest so we should just respect each other and don't let others affect your decission.

[Lucius]

The answer is very easy. Warren Buffett is one of the richest people in the world and he is admired and followed by millions of people around the world. His opinion on Bitcoin is important, because it will help with global adoption and it will also motivate 1000s of retailers to accept Bitcoin as a payment option.

A record breaking 16200 people attended the yearly Berkshire Hathaway's (BRKB) shareholders meeting in 2019. A lot of these people are influential business people like, Bill Gates. <You only qualify to attend this meeting, if you own shares in Berkshire Hathaway>

Warren Buffett has a cult following and people admire him as a cult leader.  

You should know that Buffett, Gates, Slim, Bezos or any other on that list are actually publicly known rich people, and that they are only one generation creators of wealth. They have billions, but most richest people or better to say families have trillions which have been accumulated over a period of more than a thousand years. Buffett is nothing, he will live maybe few more years and he will die with his beliefs, and I do not see how he can help to global adoption of Bitcoin?

Strength of Bitcoin is not in one man, or in that 16200 that are as you say "influential business people", they are only interested in profit and you can see results of their insatiable greed in today world. If you think Buffett is necessary for success of Bitcoin, then you are turn to wrong road, far away from Satoshi idea.

[coin-investor]

It just shows how ignorant he imagines comparing, comparing Bitcoin to a piece of a button, so Justin should not waste time and money to invite Warren Buffet, it will just go nowhere, you cannot teach an old and ignorant dog new tricks, even if that new trick is how to get rich, we shoul also stop Buffet here, he is becoming popular here.

[oleg681010]

Buffett can be understood, but his ideas are too outdated

[pawanjain]

So it might be that his theory of not investing in digital assets is wrong but his investments in physical assets is what have made him rich.

As far as I know, it's not "physical" assets that made him rich, I mean, I'm pretty sure stocks are purely digital. It's that he mostly picks the safer investments. I'm pretty sure even if someone actually convinces him that Bitcoin actually is not something that does nothing like he himself said, he still wouldn't invest in it due to the simple reason that it's a high risk speculative asset.

Okay so he is much of a player who plays safe. I have heard that if you want to earn big in this market then you must be willing to take risks.
So why does the most experienced player i.e. Warren Buffet takes it safe rather than playing a risky game ?
What should we do, should we play safe like Warren Buffet or should we take risks ?

[Artemis3]

It's really hard for me to understand that some people are incredibly fascinated with Buffett, and in same time they are on cryptocurrency forum which should be about Bitcoin and not about why some dinosaurs persistently refuse to use new technologies.

Would we as crypto-community should try to change his mind, convince him to get into Bitcoin? Do you want Buffett invest few billion in Bitcoin, pump price and then dump all, and send us at the crypto beginning?

I do not see any reason that this person is even mentioned in the forum, he is all about making money, he is 100% against cryptocurrency and he call us with not very pleasant names.

The answer is very easy. Warren Buffett is one of the richest people in the world and he is admired and followed by millions of people around the world. His opinion on Bitcoin is important, because it will help with global adoption and it will also motivate 1000s of retailers to accept Bitcoin as a payment option.

A record breaking 16200 people attended the yearly Berkshire Hathaway's (BRKB) shareholders meeting in 2019. A lot of these people are influential business people like, Bill Gates. <You only qualify to attend this meeting, if you own shares in Berkshire Hathaway>

Warren Buffett has a cult following and people admire him as a cult leader.  

I'd rather follow Elon Musk, fellow geek co-authored Paypal and didn't rest on his fortune, but made rockets, electric cars, hyperloop, tunnels, etc. Even honorary Dogecoin CEO for lulz; pushing humanity forward to a new age.

I don't particularly care what Warren has to say, his time is past. If he supports Bitcoin, then welcome. But if he insists in opposing it, he should just step aside. And please don't get me started on Bill Gates, thankfully he is retired and mostly a philanthropist, but any anti Bitcoin comments are unwelcome.

Those names are counter examples, what people should not follow.

[Ucy]

Well, in actual fact Bitcoin has both the shell and the life in the shell.  The shell is the blockchain while the creature in the shell is the currency.

His point on physical currency is funny though. I bet that point sounds reasonable to listeners because it is coming from a billionaire