Warren thoughts on Bitcoin

[Ludmilla_rose1995]

Most of the bitcoin and cryptocurrency investors are millennials and generation Z. Young people will love the latest technology including Bitcoin which is a new digital investment model. Meanwhile, Warren buffets are parents who reject the latest innovations. all he knows is traditional stock investing. He doesn't understand the advantages of blockchain and bitcoin technology.

[20kevin20]

Most of the bitcoin and cryptocurrency investors are millennials and generation Z. Young people will love the latest technology including Bitcoin which is a new digital investment model. Meanwhile, Warren buffets are parents who reject the latest innovations. all he knows is traditional stock investing. He doesn't understand the advantages of blockchain and bitcoin technology.

He served centralized corporations and helped wealth inequality exist. He has a big influence over a lot of companies and industries and will not support something that goes against it. Once you know you had the power for so many years, supporting something that can't be controlled is like burning your past work. The feeling of leadership & power can't be compared with anything else, so even if he knew Bitcoin was a big thing, he'd rather not sustain it.

[Sled]

Most of the bitcoin and cryptocurrency investors are millennials and generation Z. Young people will love the latest technology including Bitcoin which is a new digital investment model. Meanwhile, Warren buffets are parents who reject the latest innovations. all he knows is traditional stock investing. He doesn't understand the advantages of blockchain and bitcoin technology.

He served centralized corporations and helped wealth inequality exist. He has a big influence over a lot of companies and industries and will not support something that goes against it. Once you know you had the power for so many years, supporting something that can't be controlled is like burning your past work. The feeling of leadership & power can't be compared with anything else, so even if he knew Bitcoin was a big thing, he'd rather not sustain it.

A sort of denial in a part of Warren. He surely knows about Bitcoin, he's a business man, a powerful person and obviously, he's looking forward to what Bitcoin can affect his business. Who knows actually if he's already investing it right now or might they accumulating since from the start. That sounds funny, right? But who knows, really.

But because most crypto enthusiasts never believe him, be surely be criticize whatever he said.

[Xembin]

Many of them are use to Fiat money which they only believe that fiat money is the only currency on earth. Many currency loose their value during the pandemic but bitcoin still maintain value and steady pumping through out the lockdown. No way you can use crypto to compare to fiat money which is a centralized currency over some 100 years which is control by the government of the country. I think before bitcoin will be getting to 100 years will be more popular than fiat money.

[acener]

We all have something to say about crypto let him talk about his opinion it is his rights but we all have our own opinion after all.
I for one also thinks that gold are the same they are just valuable because they could be use to create jewelry but for those who doesn't like jewelry they could also consider it worthless.
It is the same as how he see's crypto but I hate to agree with him but it's true crypto value depends on the demand.

[witcher_sense]

Warren Buffet on an interview with CNBC said that Bitcoin and other cyrpto currency have no value,he said they don't produce anything "you don't do anything with it except sell it to someone else" he said is just Bitcoin will just reduce the demand of suitcase.
 Seeing these statement  I had to bring it up in Bitcoin discussion ,but at the same time every one has his entitlement or point of view..

Warren Buffet is a great investor and an ingenious person. However, when it comes to questions about innovations in technological aspects and decentralized monetary systems, he clearly shows his lack of understanding, consistently expresses doubts about new technologies due to his lack of grasping new. Warren Buffet still can't accept the fact that bitcoin is an advanced form of money, the money we have never seen before. Being merely money, bitcoin doesn't need to produce anything. It only should serve as an efficient medium of exchange. It is a tool to facilitate exchanges between people, and it is doing a great job at it because it has all the important characteristics money should have.

[bitterguy28]

Warren Buffet on an interview with CNBC said that Bitcoin and other cyrpto currency have no value,he said they don't produce anything "you don't do anything with it except sell it to someone else" he said is just Bitcoin will just reduce the demand of suitcase.
 Seeing these statement  I had to bring it up in Bitcoin discussion ,but at the same time every one has his entitlement or point of view..

Just let every old man tell their stories and besides you will miss those when their gone in this world.   

Knowing Warren buffet?what do you want to expect in his diction ?

Yeah This famous trader has His own belief in life that has been in His system for years now so this cannot be change by Bitcoin.
considering His age is really for traditional trading platform applicable lol.

[cosmicbtc]

He believes in an authentic way of investing. An old person who just denies accepting change. Let him be. He has earned his part of share already so just concentrate on yours, let people speak. BTC

[DrG]

Read some books on Buffet. I used to admire him until I found out what a crook he has become in the last 20 years. You know every Duracell battery that's been destroying your electronics - that's because BH forced P&G to basically to use substandard chemistry and a defective cell design - thereby creating millions of tons of ewaste. He also lobbied hard against the oil pipeline playing ads on TV about the environmental impact when his own rail line had below the industry average safety and higher than average incidents of oil spills. He gives off a humble grandpa person but it's all just a charade for his own self ambitions.

[MCobian]

We cannot force everyone to like and support Bitcoin, let alone if Warren Buffett thinks negatively about Bitcoin. Maybe he's too
comfortable with the success he has achieved with the stock market, so it's hard to accept anything new. Everyone is free to argue
about Bitcoin, let it be time that proves Bitcoin has a value or not. We don't need to respond to what Warren Buffett has said,
it's better to focus on Bitcoin alone.

[Ludmilla_rose1995]

Most of the bitcoin and cryptocurrency investors are millennials and generation Z. Young people will love the latest technology including Bitcoin which is a new digital investment model. Meanwhile, Warren buffets are parents who reject the latest innovations. all he knows is traditional stock investing. He doesn't understand the advantages of blockchain and bitcoin technology.

He served centralized corporations and helped wealth inequality exist. He has a big influence over a lot of companies and industries and will not support something that goes against it. Once you know you had the power for so many years, supporting something that can't be controlled is like burning your past work. The feeling of leadership & power can't be compared with anything else, so even if he knew Bitcoin was a big thing, he'd rather not sustain it.

A sort of denial in a part of Warren. He surely knows about Bitcoin, he's a business man, a powerful person and obviously, he's looking forward to what Bitcoin can affect his business. Who knows actually if he's already investing it right now or might they accumulating since from the start. That sounds funny, right? But who knows, really.

But because most crypto enthusiasts never believe him, be surely be criticize whatever he said.

Quite reasonable. most likely he has bought and collected bitcoins but not directly. it's young people in his investment company. Given that Buffett has sold his stake in several banks and then bought gold. It could be, he also bought bitcoins secretly.

it's like a conspiracy 

[fauzan123]

He believes in an authentic way of investing. An old person who just denies accepting change. Let him be. He has earned his part of share already so just concentrate on yours, let people speak. BTC

It is common to reverse the price which is currently in good condition on bitcoin, it is not impossible that there is a reason behind it all.

Because as we know a lot of people give bad news but in the end they say good things so that the movement of bitcoin is positive again, this is not the first time this has been done.

[carlisle1]

He believes in an authentic way of investing. An old person who just denies accepting change. Let him be. He has earned his part of share already so just concentrate on yours, let people speak. BTC

It is common to reverse the price which is currently in good condition on bitcoin, it is not impossible that there is a reason behind it all.

Huh?He speaks about Warren Buffet's stand against Bitcoin and what is reversing here?
and besides The Old man has no care about what he wanted to say ,we don't need His opinion why targeting Bitcoin and cryptocurrencies?

Because as we know a lot of people give bad news but in the end they say good things so that the movement of bitcoin is positive again, this is not the first time this has been done.

Some of them are only making bad impression to bring the price down so they can purchase more.
This is common thing that happen in Cryptospace ,these people are investors and they wanted to earn even in easy way.

[kryptqnick]

Let him be. He's a known bitcoin unbeliever and been told that bitcoin is probably rat poison squared.

He's an old man and can't possibly understand that technology is phasing quickly and possibly to make a tremendous amount in investments. He likes more conventional investments. Account him for his accomplishments even though he doesn't like bitcoin.

I don't want to be ageist, but I agree with you. Hypothetically, an old person can be a Bitcoin enthusiast. It's not an age thing in essence, it's a conservatism thing. People who have strong trust in the traditional system, love gold and banks, and profited from this system, don't want and don't need any changes. They're already prosperous. Something new involves new potential risks and requires new research. Why do that if you're fine with how it used to be? And since it usually takes time to profit from the old system, these anti-Bitcoiners tend to be older than Bitcoin supporters.

[proTECH77]

Warren Buffet never think that bitcoin will get to this position. Bitcoin value is still more better than other cryptocurrencies in this season  will are experiencing, that is reducing other cryptocurrency in the market.
 Bitcoin is not favouring you,does not mean is not favour others in the areas of exchange market. Now bitcoin is in this position many are still talking that it will soon lose it value the way others cryptocurrencies is losing right now.

[yazher]

Don't listen to this old man or you may as well be blind by his speech. He doesn't deserve to have our ears listen to his baseless statements. Nowadays people will listen to these fools who are getting paid to talk about bitcoin without knowledge. we better leave them alone or we are feeding these crooks some attentions and they will do this again with another scripted speech from their clients.

[lifeforcepools]

Warren is a businessman of the last century, you must understand this otherwise you will never be able to understand him.

[Saisher]

Leave this guy alone, he's like 130 yrs old. I consider him a guy that earned his authority, but he's not in the league anymore

The guy deserves respect for what he has done in the investment industry, but this is not his turf or niche he is not young anymore to explore or he don't have the time and effort to do it, because of his age, Cryptocurrency and blockchain will go on and he is works and teaching, some Cryptocurrency investors are also applying some of this teaching in Cryptocurrency.

[ChiBitCTy]

Warren Buffet on an interview with CNBC said that Bitcoin and other cyrpto currency have no value,he said they don't produce anything "you don't do anything with it except sell it to someone else" he said is just Bitcoin will just reduce the demand of suitcase.
 Seeing these statement  I had to bring it up in Bitcoin discussion ,but at the same time every one has his entitlement or point of view..

This has been discussed at nausea here.  Warren Buffet is a dinosaur and has a monetary reason to not like bitcoin or want it to succeed.  First of Buffet is known to avoid technology as well.  His recent apple purchase for berkshire hathaway was his first tech buy I think ever.  Warren has stated himself he doesn't understand bitcoin and or the blockchain, so his opinion, despite the fact that he is one of the all time great investors, isn't worth jack shit.  Gilfoyle does a good job explaining this on Silicon Valley https://www.youtube.com/watch?v=t_L0UPmxgho

[goldade]

It is funny how that Warren Buffet would think bitcoin has no value but can be sold to someone else. I believe it is impossible to sell something that has no value. What would be the price of such commodity?
Truth be told, Warren is a leading figure in the area of money and investments and deserves some accolades. However, he's absolutely wrong about bitcoin.
Many have said it's probably because of his age and he couldn't totally grasp the idea behind bitcoin and the Blockchain technology. This may be true but I believe it's just because he doesn't believe in the potentials of bitcoin and would do anything to go against it.