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Author Topic: Max Keiser takedown of Buffett on his bitcoin stand is epic.  (Read 197 times)
dothebeats
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May 06, 2020, 05:30:26 PM
 #21

Warren Buffett tries to establish a point that stocks, which are completely related to his business empire and model, are way better than placing your money on cryptocurrencies that clearly have no definite future. I can't blame him though since he saw his success on his business model, which makes him completely closed to other possibilities since his strategy worked for himself, as evidenced by his billions. As for Max Keiser, he never fails to iterate some solid points. He's not your regular mindless and illogical/irrational bitcoin bull that acts as if bitcoin doesn't have any flaws.

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May 07, 2020, 01:22:32 PM
 #22

What would motivate Warren Buffett to go against the investment strategies and instruments that made him filthy rich? He has built his whole empire on the old traditional Fiat based systems and he is too old to make a major change now.
Keeping his capital as safest as possible is the most priority of Buffet, not invest and earn more money.
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Bitcoin is also a high risk investment and mostly unregulated, so they will be going up against the people that are supporting them with this "insider" knowledge, like the government.  Wink  (The same government that bails them out, when they do make mistakes)
Investing in strange asset or in companies or industries that Buffet does not have knowledge of and experience on is never his priority. Bitcoin is extremely volatile, that violates Buffet's rules. Blockchain industry is very strange for him, that violates his rules again.

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