Warren Buffet bought “Gold” for the first time. When Bitcoin?

[hatshepsut93]

With this logic, he'd buy "Bitcoin" - a stock of some company related to Bitcoin. Except he'll never do this, because he might view gold as useful, a thousand-year tested asset, but Bitcoin is a volatile, speculative "rat poison". I can totally see Warren Buffet vetoing a proposal to buy crypto company stocks on a board meeting of Berkshire Hathaway, because doing so would kinda harm his reputation. Maybe after Buffet will be gone his company will get into crypto, especially as crypto will become more established in the coming years.

[romero121]

With this logic, he'd buy "Bitcoin" - a stock of some company related to Bitcoin. Except he'll never do this, because he might view gold as useful, a thousand-year tested asset, but Bitcoin is a volatile, speculative "rat poison". I can totally see Warren Buffet vetoing a proposal to buy crypto company stocks on a board meeting of Berkshire Hathaway, because doing so would kinda harm his reputation. Maybe after Buffet will be gone his company will get into crypto, especially as crypto will become more established in the coming years.

The investment he has made is on a gold mining company that has a marked a 45% profit for the year. This is being used as a source mentioning his increase on interest over the gold. This positive sign over gold is being predicted to create value addition to bitcoin. Buffet who is well known for investment strategies never have long term investment betting on the banking sector moving towards a high liquidity gold is a start focusing on the technology uplifting. As said maybe the next gen of company holdings/holders of Buffet will prioritise cryptocurrency market investment.

[NavI_027]

With this logic, he'd buy "Bitcoin" - a stock of some company related to Bitcoin. Except he'll never do this, because he might view gold as useful, a thousand-year tested asset, but Bitcoin is a volatile, speculative "rat poison".

Most probably because we all know how allergic he is with the crypto stuff . However, if he really got a true business mind then there's no way that he will not be interested on something which can give him profits. And bitcoin investing can do that! So I think he grabbed/grabs/will grab it (maybe he's not as vocal as the others because he want to take care of his reputation). It is just that Warren Buffet shows hatred to crypto maybe because he was not yet comfortable moving outside his empire .

Maybe after Buffet will be gone his company will get into crypto, especially as crypto will become more established in the coming years.

*knock in the wood

[DoubleEdgeEX]

A recetn exchange of posts between Pomp and Peter Schiff made me wonder when Buffet will join the Bitcoin community too. If he really does, I assume he will do it like BlackRock did, with an investment in a company that is clse to cryptos. As for gold, a hardcore guy like Schiff should be careful about Elon Musks move to mine Gold on Asteroids in the next 5-10 years

[ReiMomo]

Who knows Warren Buffet already investing in bitcoin and he did not publicly announce about investing bitcoin because we know that he hated crypto before. However, this is not surprising to me because gold is one of the most promising investments, the price slowly has grown but surely a safe investment.

I guess he will realize soon the potential of bitcoin as an investment just like gold. For now, I thinking this that like investing gold mining and bitcoin is the same profitable.

[TitanGEL]

Who knows, Warren Buffet might be buying bitcoin secretly, he's been causing Fud on bitcoin and we know how whales play their game, I don't think that he just bought gold at such a high price, he must have been accumulating all this while and finally announced after gold pumped, I believe such is gonna happen with bitcoin, he's gonna announced that he bought bitcoin after bitcoin pumped and perhaps surpass its all time high, he's a wise investor I don't believe that he doesn't own bitcoin despite meeting Justin and Justin Sun claimed he gave him a bitcoin

It is a pure assumption, he has a interview and he said that he will never own a cryptocurrencies so he is basically a hater because of what he said that it has "no value". Anyway Warren Buffet is the most successful American investor after all, public always want to know what are the stocks that he is buying in order to ride the hype. Because of his power and his huge money, he can easily pump a certain assets. I do not know if his mind will be changed because it seems that he is still not finding the value of the cryptocurrencies especially the bitcoin. But once Warren Buffet accept and invest in bitcoin, for sure it will cause a hype where we can see monstrous rally.

[LoyceV]

Who knows, Warren Buffet might be buying bitcoin secretly

He's a multi-billionaire, he doesn't need to secretly get richer by buying something he doesn't understand in private.
His company isn't in the business of hiding in the shadows, and I'm pretty sure they don't do "secret" investments.

It is a pure assumption, he has a interview and he said that he will never own a cryptocurrencies so he is basically a hater because of what he said that it has "no value".

You can argue the exact same thing about any fiat currency.
This video sums it up nicely: Youtube: Silicon Valley | Cryptocurrency | Bitcoin S5E7.

[Leviathan.007]

Gold was always the most stable investment for the mid and long term investors and suitable for people who looking for stable market. But recently gold price fallen down and made a real nice chance for anyone to invest there and buy golds for a real heap price. Warren Buffet is one of this people, since he a long term investor and he saw a good chance for buying gold and he used it. However, Warren Buffet didn't really like Bitcoin for investing as he said on the interviews.

[fillippone]

Who knows, Warren Buffet might be buying bitcoin secretly

He's a multi-billionaire, he doesn't need to secretly get richer by buying something he doesn't understand in private.
His company isn't in the business of hiding in the shadows, and I'm pretty sure they don't do "secret" investments.

It is a pure assumption, he has a interview and he said that he will never own a cryptocurrencies so he is basically a hater because of what he said that it has "no value".

You can argue the exact same thing about any fiat currency.
This video sums it up nicely: Youtube: Silicon Valley | Cryptocurrency | Bitcoin S5E7.

Warren Buffet is not buying Bitcoins (YET).
Of course his firm cannot do, for many obvious reasons, "secret investments".
In addition to that, he doesn't invests in things as commodities or currencies (either FIAT or Crypto), as there are not "investments" according to the aforementioned shareholder letters.

In addition to that, I think his latest statement about bitcoin is:

“[Bitcoin] itself is creating nothing. When you’re buying nonproductive assets, all you’re counting on is the next person is going to pay you more because they’re even more excited about another next person coming along.”

Source: Billionaire Warren Buffett Calls Bitcoin ‘Rat Poison Squared’

This is a view he has on every not dividend yielding assets, as I explained above.
The peculiar view on Bitcoin is the following:

probably rat poison squared

My bet is not if, but when, thew will change from the above statements to Bitcoin investment.

[reliable]

Nice to see him finally deciding and investing in the gold for the first very time. This also means that if not now later he may think on the bitcoin as well and who knows one super day, we may hear his change views on bitcoin and also bought some of them.

[Lucius]

The only thing I can say is that we on the bitcointalk forum are constantly commenting on what the WB said or did, as if Bitcoin is completely dependent on one man. The man has expressed his opinion on Bitcoin countless times, and the probability of changing is extremely small or non-existent - after all, he is a man who belongs to the world of another old-school economy.

I understand that people are excited because WB has done something it has never done before, but I don't believe that gold can be followed by Bitcoin - after all, WB isn't Jamie Dimon or Michael Saylor.

[Vishnu.Reang]

Others may disagree, but I have to say that Warren Buffet has become completely irrelevant. His ideas were good two decades back. But more recently, his investments are not doing that good. He is close to 90-years and I guess his brain is not as sharp as it has been before. All that said, I have listened to a few of his interviews, when he was talking about Bitcoin. The hatred he has for the cryptocurrency is surprising. It is perhaps borne out of jealousy, as he missed out investing in BTC during the early days.

[Kelvinid]

Others may disagree, but I have to say that Warren Buffet has become completely irrelevant. His ideas were good two decades back. But more recently, his investments are not doing that good. He is close to 90-years and I guess his brain is not as sharp as it has been before. All that said, I have listened to a few of his interviews, when he was talking about Bitcoin. The hatred he has for the cryptocurrency is surprising. It is perhaps borne out of jealousy, as he missed out investing in BTC during the early days.

Young minds have a lot of good ideas and Warren Buffet has that positivity before but it comes into the point that he's losing such sensibility as he going older. I'm not seeing that he was losing his bright minds and positivity but he can't lower down his pride and keep the hates towards bitcoin. He is the kind of person that never accepts losses instead to keep himself always right though we know that he's actually wrong.

“Cryptocurrencies basically have no value and they don’t produce anything,” he told CNBC’s Becky Quick in a “Squawk Box” interview. “In terms of value: zero.”

https://www.cnbc.com/2020/02/24/warren-buffett-cryptocurrency-has-no-value.html

He badly curses crypto instead of opening up his mind to reality and accept that he is wrong.

[KnightElite]

Others may disagree, but I have to say that Warren Buffet has become completely irrelevant. His ideas were good two decades back. But more recently, his investments are not doing that good. He is close to 90-years and I guess his brain is not as sharp as it has been before. All that said, I have listened to a few of his interviews, when he was talking about Bitcoin. The hatred he has for the cryptocurrency is surprising. It is perhaps borne out of jealousy, as he missed out investing in BTC during the early days.

Young minds have a lot of good ideas and Warren Buffet has that positivity before but it comes into the point that he's losing such sensibility as he going older. I'm not seeing that he was losing his bright minds and positivity but he can't lower down his pride and keep the hates towards bitcoin. He is the kind of person that never accepts losses instead to keep himself always right though we know that he's actually wrong.

“Cryptocurrencies basically have no value and they don’t produce anything,” he told CNBC’s Becky Quick in a “Squawk Box” interview. “In terms of value: zero.”

https://www.cnbc.com/2020/02/24/warren-buffett-cryptocurrency-has-no-value.html

He badly curses crypto instead of opening up his mind to reality and accept that he is wrong.

He is now old and it seems that he do not want to accept new ideas and new concept anymore, his view towards bitcoin will not changed for sure because he have his own mindset and ideas. He is already a billionaire and he has own way in order to grow his money. He already proved that he is one of the best businessman in the world, I think the reason why he doesn't like bitcoin is because he is used to make investment through traditional investment.

[CarnagexD]

With this logic, he'd buy "Bitcoin" - a stock of some company related to Bitcoin. Except he'll never do this, because he might view gold as useful, a thousand-year tested asset, but Bitcoin is a volatile, speculative "rat poison".

Most probably because we all know how allergic he is with the crypto stuff .

he's not allergic to it I guess, he's just playing games with you guys, coz u see this man has a net worth of $80 billion, collecting up bitcoin for like 10 bitcoins would not hurt his pocket so bad, it's like just penny to him I can say. I'm trying to sink it in myself that this man isn't going for crypto after all these years that we've had having bitcoin on top. There's just no way!

However, if he really got a true business mind then there's no way that he will not be interested on something which can give him profits. And bitcoin investing can do that! So I think he grabbed/grabs/will grab it (maybe he's not as vocal as the others because he want to take care of his reputation). It is just that Warren Buffet shows hatred to crypto maybe because he was not yet comfortable moving outside his empire .

This is what I like with crypto, it is like a game for every one coz we don't know the person behind an address, we probably been seeing Warren moving his stacks a long time ago and telling us not to buy bitcoin coz he just wanted to buy it cheaper then become silent for a while, dump his coin then spread FUD again, when price decreases he's going to buy again, and the cycle continues making a huge money load for himself.

Maybe after Buffet will be gone his company will get into crypto, especially as crypto will become more established in the coming years.

*knock in the wood

This isn't as impossible as we thought, we won't really know how things might turned or just flow naturally. Paypal and Visa already had it, why not Warren's company?

[FanEagle]

I think bitcoin and gold are fundamentally different in the world of finance. One of them is a thing that people have known for millennia, literally over 3 thousand years of using it like a money and exchange it for goods, so it is impossible for people to actually end up with gold to save some money and save their purchasing power, it is such a common thing.

However bitcoin is a brand new thing, it has been around for 11-12 years at best, sure there were tests and other tries for something like bitcoin for years but I honestly feel like this is the only time it could ever be sensible for Warren Buffet to buy gold, because gold is something he already knew, gold is something people invested into even before he was born, but bitcoin is a brand new thing that came out after he was 70 years old! So, I understand it.

[teosanru]

Even though this might not give a clear hint about when he is going to buy bitcoin but one thing is pretty evident from this that the equity markets are in some danger maybe that's why he is trying to add on some low beta gold on his portfolio. Maybe the Quantity is low but still a historic move must be due to some reason. Because he never does any investment just without any reason. While about bitcoin I think until there is no regulation big Investors won't hurt themselves with litigations by entering in Bitcoin.

[goaldigger]

So much hate for the Gold before and now, he’s investing on it like nothing happened. Anyway, expect Gold to pump higher because of this and since many economies are really suffering right now Gold is the best option to earn and save more profits. I hope bitcoin is the next step for Warren though we don’t need him to get invested but at least he’s a popular stocks guy and it can make a good impression for bitcoin so let’s see.

[Wawa2013]

I am not surprised that Warren Buffett finally bought Gold, because the stock market decline that occurred made Warren Buffett take it
the right step by buying Gold. But when it comes to Bitcoin I'm sure Warren Buffett won't buy it anytime soon, although the price of
Bitcoin is trending up like Gold. But still Bitcoin is difficult to predict and can suddenly drop in price, therefore Warren Buffett
still considers Bitcoin like gambling.

[sana54210]

There will be no wonder for turning into gold when world business are being shut down or its production rates are getting impacted due to pandemic situations. Probably in my observation Warren Buffet must be too late to get into the gold train. Worldwide people are slowly getting back into normal life as lockdown restrictions are being lifted step-by-step in most countries. This will lead to stocks to be performing like before because business are getting back into normal.

When business get into back of its full fledged nature, investors may get back to stocks by leaving gold. I mean there could be plenty of chances for gold prices to fall in near future if vaccine for corona arrives. I speculate gold will suffer a huge blow if vaccine arrives and stocks start to flourish.

Warren Buffet never had good opinion on bitcoin and this time he probably made another mistake by choosing gold due to its recent spike which was triggered by pandemic conditions; I am sure pandemic things will not sustain hence investors may move out of gold to catch stocks cheaper before everyone else.