Some wealthy people have expressed their disdain towards Bitcoin. They believe Bitcoin is a scam or Ponzi scheme backed by nothing. Figures like Warren Buffet, and even Donald Trump himself believe Bitcoin is a sham. I'm surprised to see this, since Bitcoin brings many profit opportunities to its "hodlers". For some reason, millionaires (or billionaires) hate Bitcoin. They usually support Gold and Fiat, not wanting to try something new like crypto/Blockchain tech. Justin Sun tried to convince Warren Buffet to get into crypto a while ago, only to find that his efforts were in vain.
Thoughts?
As I understand it Warren Buffet probably "dislike" crypto currency as he "dislike" investing in gold. These investments are zero sum games, they don't create value. The rise in value of crypto currency and gold is just the result of offer and demand competition and may vanish in a snap the next day. It's just an investment policy.
apart from that, of course, we all know that warren is one of the investors and even the largest shareholder in Berkshire Hathaway.
when someone like this with the status as the largest shareholder in a company based in life insurance which has many subsidiaries of course we think something about this.
although in this case crypto investment with the shares of the company he manages has nothing to do but talking about investors I think there will be a slight difference.
there are so many people who switch investments and adopt crypto especially bitcoin at this time and indirectly when this continues it will definitely have an impact on everything in the form of investment because indeed many people are switching professions.
although the impact received is not that big but of course they will have rivals and their competitors are getting bigger and bigger. indirectly this is a threat of course.
