Do you think Warren Buffett will change his mind about bitcoin?

[kolbalish]

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.

Buffett Changes His Mind About Gold, Bitcoin Could Follow

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:

Buffett sold banks and bought gold. He will buy bitcoin soon.

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

[Upgrade00]

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.

[In the silence]

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.

[sunsilk]

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.

[pooya87]

Max Keiser has predicted that the Berkshire Hathaway CEO will panic-buy bitcoin at $50,000.

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.

[mk4]

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

[AB de Royse777]

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.

[mk4]

I had few things to say but after seeing this ^ I do not think anything else is needed.

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.

(Jet Cash is an exception :-D)

LOL I get that context.

[dansus021]

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

  the number 5 is gonna really hit the market 

[Reid]

Is the world going to change its rotation when he changes his mind? 
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. 

[Kong Hey Pakboy]

Is the world going to change its rotation when he changes his mind? 
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.

[kotajikikox]

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.

[LogitechMouse]

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 . 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.

[Reatim]

He used to take a pretty negative view of bitcoin and I don't think he would invest in it. He always wants real value, businesses that bring real value and have a lot of cash to attract him. as for bitcoin, it is always manipulated and there is no one to control it. That is why he always said that bitcoin is a scam, everything is controlled, not because of the normal law of supply and demand.

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.

[Febo]

Do you think Warren Buffett will change his mind about bitcoin?

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. 

[LUCKMCFLY]

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.

[dothebeats]

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.

[JL0]

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.

[Lucius]

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

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

[DeathAngel]

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.

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.