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RE: Billionaire Buffett Calls Bitcoin A Bubble Ignoring The Largest Equity and Debt Bubbles In History
Agreed. I don’t think Buffet has an agenda, rather just doesn’t understand. If you explain how most pre internet business models have been disrupted by the internet(Amazon, right move, airBnB etc) then this may help him understand. Uber is another good example of traditional business models being disrupted. Bitcoin is not worth something because it has intrinsic value etc but because of its network effect and it’s ability to disrupt existing business models.