A dog that vomited and then ate the vomit again

[jcojci]

Someone like W. Buffett can change his mind as quickly as he wants, especially since he has enormous resources in the form of money. Maybe at that time he wasn't interested in crypto but after he studied crypto (secretly), he was interested and finally, the news came out. We also don't know what really happened to him and there's no need to think too deeply about it.

We just have to see what it will do. Will he support crypto where he previously hated crypto? Or something else will happen. Everyone has their own interests, especially when it comes to bitcoin. So you don't need to be surprised by that.

[Vispilio]

This means that W. Buffett has a personal interest in why he is always criticizing Bitcoin, because he probably thinks that when many people panic about what he will say and there is a dump in the market value of Bitcoin, he will take advantage of the opportunity to buy large holdings. It's just that what he wanted to happen didn't happen; this is just my assessment based on the information I found here.

This is like one of the main tenets of "Cigar butt investing", though I don't think that's what's going on here.

More likely some of his advisors suggested that he do a deep dive on crypto, that it's here to stay, and on second consideration they collectively decided that it's ok to have some exposure to such an attractive asset class after all, both directly and indirectly...

[DrBeer]

.....
What do you think?

There is a "beautiful", official version - the gentleman you mentioned invested in the bank "as a bank", and had no idea that the bank is still a supporter of the introduction of cryptocurrency technologies. Whether this is true or not is very difficult to answer. There is neither direct evidence nor direct refutation. Although neither option can be excluded
PS You can watch the reaction - the ideal proof" - withdrawal of investments from the financial institution

[KiaKia]

Warren always be so cold on Bitcoin and crypto, calling it scam here and there, it's normal when you don't understand something to the core you know, how many people are like Warren in the past? For example Micheal Saylor also talk trash Bitcoin years ago too, there are others too that I couldn't remember their names anymore, what happened after? They realize their mistakes and slowly start learning about crypto.

Warren case is different because he is older and his style ways of earning money is from stocks and real estate, this was all he did his whole life, including Gold, but now comes digital gold? It's easier for who he was to call Bitcoin names honestly, anyone can also do the same.

If later Warren decide to embrace Bitcoin I won't be surprised, because he isn't the first and he isn't going to be the last too, so it's not something to hate him for, lack of understanding is always why people condemn Bitcoin.

[Twentyonepaylots]

He could have some narrative behind why he continue to attack bitcoin, nevertheless the effect is just temporary though. Maybe he secretly invested on bitcoin, or someone as a hedge fund manager acts for him to be a investor, we will never know.

That's what probably is the cause why he did continue to attack bitcoin, he's just into it and wanted bitcoin to gain popularity. Just some reverse psycho thing, we know he's smart when it comes to investment.

Obviously, he has a ton of money already and maybe just playing around and see how it goes for him. For sure though that he knows that NuBank is crypto friendly, but then again, if we talk about profits, it doesn't matter to this billionaire as they will continue to invest which they think will be big someday, including a crypto friendly bank.

If he just wanted to warn the public about bitcoin, he will not go as far as what he did to bitcoin, it was something else on his end to sell mouths against bitcoin. I guess banks won't have to call him telling about their investments, it is him who called NuBank to invest, he's smart enough to play with the businesses especially with the money he has, I bet he has some holdings that he didn't name after him due to his investment confidence rate.

[Dr.Bitcoin_Strange]

It's nothing new that there can always be some false news like this, but even if it were real, then there's nothing bad about it. Buffett has been preaching about the investment he likes most and how he dislikes the crypto investment, but despite his criticism, it doesn't remove anything from Bitcoin; it's made less of blockchain technology. There's a saying that "change is a constant thing in life." So if he decided to have a rethink overnight that made him invest in cryptocurrency, then it's not my business; it's his business because he definitely would reap the benefits of his investment. The first time I read some of his criticisms of cryptocurrency, what I said to myself that day was, "I will not be surprised if any news comes out in the future that Warren Buffett has been secretly investing in Bitcoin, despite the hate speech he made publicly about cryptocurrency.

[Juse14]

Indeed, when we talk about a man, it is his words that a true man holds and is accountable for. However, there are two people we can't take his word for. apart from charlatans namely critics and politicians. We will never be able to take these two people for granted because they say something like this now, and tomorrow or the day after tomorrow they will say something else as long as it can benefit them.

And I'm not quite surprised by people who behave like that because I personally have been involved in political movements on several occasions and often meet people like that. And people like that can be sycophants when they are on the side that provides benefits and they can also be barking dogs when they don't get any benefits.

[Mpamaegbu]

~snip~

The fact that he has invested in this company that now offers crypto-services is normal to a certain extent, since the cryptocurrency market is getting bigger and bigger and covers many areas of society.

WB is a shrewd businessman. That's the way I like to view him. He makes a decision and sees that decision as what can affect his finances, he quietly retreats without openly recounting. If WB were still holding his anti-Bitcoin view, he would've pulled out of NuBank. I don't begrudge him his decision. It's his money and his choice to make. One thing I've come to hold with close conviction is that no one should blindly follow another when it comes to cryptos. No one knows it all.

He also spent a long time without changing his cell phone...

That reminds me of a certain serving politician in my country, one of the worst of them all – corrupt to the teeth. The said politician claimed he never changed his phone for years but that doesn't make any difference as he's not in anyway better than those who change theirs on a regular.

For the little time he has left to live, do not give so much importance to what he says.

That man can outlive Methuselah 🧐

[Silberman]

Indeed, when we talk about a man, it is his words that a true man holds and is accountable for. However, there are two people we can't take his word for. apart from charlatans namely critics and politicians. We will never be able to take these two people for granted because they say something like this now, and tomorrow or the day after tomorrow they will say something else as long as it can benefit them.

And I'm not quite surprised by people who behave like that because I personally have been involved in political movements on several occasions and often meet people like that. And people like that can be sycophants when they are on the side that provides benefits and they can also be barking dogs when they don't get any benefits.

We must not forget that Warren Buffett is a businessman, and like any businessman he is not really tied to any ideology or some kind of principle that rules his life, he is after the money, and if something gives him huge profits then that makes it good on his eyes and if it does not then this makes it bad, it is that simple, so Buffett is against investing directly on this market but now we are seeing that he is fine to invest indirectly on it as long as he can get some money out of it.

[gunhell16]

Indeed, when we talk about a man, it is his words that a true man holds and is accountable for. However, there are two people we can't take his word for. apart from charlatans namely critics and politicians. We will never be able to take these two people for granted because they say something like this now, and tomorrow or the day after tomorrow they will say something else as long as it can benefit them.

And I'm not quite surprised by people who behave like that because I personally have been involved in political movements on several occasions and often meet people like that. And people like that can be sycophants when they are on the side that provides benefits and they can also be barking dogs when they don't get any benefits.

We must not forget that Warren Buffett is a businessman, and like any businessman he is not really tied to any ideology or some kind of principle that rules his life, he is after the money, and if something gives him huge profits then that makes it good on his eyes and if it does not then this makes it bad, it is that simple, so Buffett is against investing directly on this market but now we are seeing that he is fine to invest indirectly on it as long as he can get some money out of it.

Warren B. is a businessman, therefore he will undoubtedly allow anything that will help him generate money in as long as he stands to benefit from it. Even if we claim that he has recanted or changed his mind about his unfavorable opinions toward Bitcoin or other cryptocurrencies, his actions will ultimately benefit him, not us.

Is there anything improper with his doing this, if it turns out that he has switched to cryptocurrencies, if it ever is true? Is there really nothing? Instead, we will be glad that another millionaire is working in this sector of the cryptocurrency economy.

[mindrust]

It is not the first time you’ll catch these people lying. Remember Jamie Dimon used to hate crypto too. Then he allowed their investors to invest in crypto. If I remember correctly he even said that he will fire anyone who touched crypto. Warren might be doing the same thing. Maybe he understood whT crypto is about later or maybe he has a hidden agenda. If Buffett was pro-crypto, it would raise the price a lot more and that means less crypto for him. Also he probably thinks him buying a crypto-bank don’t look so bad on him because he is buying a bank in the end. He is not buying crypto directly. That’s his way of saying: “fuck you”

[blockman]

If there are some rich folks that have been anti Bitcoin or crypto before and then some of their conglomerates start to show some news that they're going to make their own crypto or cbdc or anything related to cryptocurrency as their services, it's nothing new to think of.
They've been doing this for so long and they're just pulling down the prices for whichever plan that they want to execute at the right time. If Buffett starts to say that he's liking Bitcoin these days and everyone should look at it, that won't surprise us anymore because there were folks like Dimon just did the same before.

[dansus021]

Since he is legend investor He just want the piece of cake that crazy happening right now. and he dont wanna touch it directly that is why he invested in the company who have direct touch to the cryptocurrency.

Even BlackRock at first dont believe about crypto especially bitcoin because he believe that crypto only a tool for laundering money but look at now BlackRock the biggest investment company with total Assets under management: 8.594 trillion USD want the piece cake of crypto.

Sooner or later people will taste the delicous of crypto cake. hahahha

[Wexnident]

I wouldn't judge him that badly for his past opinions of Bitcoin. He has his own beliefs, and we have our own, and it also doesn't change that people naturally change their opinions. Plus, WB is a businessman. Regardless of what he thinks of something before, if it can show promise and can show that it has a stable foundation plus can last for the long term, he'd definitely go for it, even if he was talking shit about it in the past.

Plus, they're words don't mean much when it comes to business anyway. They'd turn the moment they see they can profit off of something even if they were arguing against it a second earlier.

[legendbtc]

A dog that vomited and then ate the vomit again

You don't need to insult him or anyone who has a negative view of bitcoin because everyone has a different vision. Just because they don't have the same thoughts as you, it's not right for you to criticize them, you don't have to do that. Just like many bitcoin enthusiasts always say that gold or real estate is not worth investing in, but most of those assets are in the hands of people with a lot of money, and those who criticize real estate and gold have no money to invest in them.

Words are also a tool used to eliminate opponents and many people have been successful with that tactic. I never believe what they say, I only believe what I see. Because when looking at the results they achieved and compared to us, they are billionaires and we are nothing. So don't fall into their trap.

[pinggoki]

Plus, they're words don't mean much when it comes to business anyway. They'd turn the moment they see they can profit off of something even if they were arguing against it a second earlier.

Probably the most right thing about all of the stuff that's been said in this thread. People often forgot that these people are businessmen and these businessmen are slave to moneymaking and in regards to bitcoin, it seems that their stance is still on the negative side which would mean that they're not yet seeing anything that would garner them profit although one could also argue that these businessmen have influence and them being bearish about bitcoin is probably a conspiracy among them to make it go down so they can buy at a lower price and then change their minds when they've acquired what they think is a sufficient amount of bitcoin.

[kryptqnick]

The thread's name is so off-putting that I wasn't sure if it wasn't off-topic and accidentally remained here, and I wasn't sure about clicking on it at all. But since it's actually about a particular person's crypto attitudes, it's relevant.
I think Buffett's public opinions can be one thing, and investments can be another thing. Saying stuff is sometimes useful to gain relevance and remain discussed (or just out of a desire to share one's honest opinion), whereas investments are made with the intention to profit. Also, investment decisions may in practice be made by other people, the ones who work for Buffett, so it's not necessarily a contradiction (as davis196 greatly pointed out).

[so98nn]

How do you think they are becoming richer every day? They loot us with their mind games. They would say one thing on Monday they would say something else. Their plans are changing hundreds of times a day, they would talk differently at every dinner they take with different vendors and investors. Buffet did the same thing anyway. He definitely changed with the time when his friends might have shown him how they are profiting with Bitcoin in millions of dollars. Lolz. This oldie just got his nerve pressed with his friends on one fine night and boom he started investing his money in Bitcoin-related products.
It might seem a little unrelated but let us not forget how Elon Musk played with us when he invested money in the DOGE. Rest is the story that we all know. It went literally on the international level when he tried to host the SLN and was mentioning about DOGE now and then. Failed attempt to lure everyone.

[doomloop]

he even said before that even if Bitcoin becomes 25$, he still won't buy it.

Only not in front of the public. We all know that a lot of these big billionaire businessmen are probably buying in chunks anonymously, without letting anyone know about their holdings, only a few might come out and say that they are actually investing in Bitcoin.

why did he still speak negatively about Bitcoin? What is its purpose?

To spread FUD and panic in the community, maybe? I'm not sure but that can be a reason behind that, or maybe because he knows that Bitcoin and cryptocurrencies are always a hot topic and he will get more attention if he talks about them, either in a positive or a negative way.

What do you think?

I think he is secretly investing in Bitcoin and fooling the public with his negative remarks about it. He definitely can't ignore the benefits Bitcoin has to offer to the world of financial technology and to the future of it.

[Bananington]

...

As I read through especially the OP, It reminds me more the words pf the wise never to trust completely the words coming from another man even if it is someone you see as mentor. Before you believe and accept, always verify. People who follow the opinions of their mentors blindly can regret it later on because take this case of warren right now, it is a good lesson. Some people had have good opportunities to invest and benefit from cryptocurrency, but due to blind obedience to their mentors opinions which may not favor cryptocurrency, they miss the opportunity. When the opinions of their mentors change, it becomes too late for them. You should never trust people because their opinion can change anytime, and they may put out the notice late for you their blind follower to follow.