Warren Buffet “Oracle Of Omaha” States Buying Bitcoin Is Not An Investment
The CEO of Berkshire Hathaway and arguably one of the greatest investors of all time, Warren Buffet again shout out about Cryptocurrency and claims that Cryptocurrency is not a place of investment with Yahoo Finance in Omaha in an interview at April 28.
He also added that if someone buy something like an apartment house, a firm or interest in a business, they can look at the investment themselves and get profit from it. On the other hand Bitcoin doesn’t produce anything and we just hope for the next guy paying more penny.
Mr. Buffet deliver a suggestion about investing money on Bitcoin which is merely a speculative in between game and gamble and no one basically knows what Bitcoin really is. The Oracle of Omaha has continuously watered contempt about the crypto industry claiming about the bad end will come certainly and added that he has no any idea about Cryptocurrency.
Moreover, Warren Buffet flourished the argument against Bitcoin, as well stated that it was not a value producing asset.
In conclusion, Buffet has no interest on Cryptocurrency at all as well as the Vice Chairman of Berkshire 94 years old Charlie Munger thinks that the interest in Bitcoin is just simply disgusting
I agreed with Mr buffet this word " That know one actually know what bitcoin is" . but investing in bitcoin may risky but I think it's not like gambling.
He is correct that Crypto like currencies or commodities are not investments. These are speculations. He is wrong by not throwing a small percentage of his portfolio into the speculation. Speculation can be profitable by playing the mismatch in supply and demand either bullish or bearish.
There are many ways to make money in financial markets, Warren Buffett found what works for him. We all must find out what works for our own situation. I personally strive for a Warren Buffett style portfolio as my core investments with Crypto and other speculations sprinkled in for flavor.
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Of course, gold – the best indicator of strength. It is a metal which is stored millennia and will remain many thousands of years later. Gold items were found safe and sound in the tombs of egyptian pharaohs and scythian burial mounds, so that gold coins and items still retain their value. And bitcoin for the most part does not exist in physical form – except for the dollar, which is issued in the form of banknotes. For such goods, value is determined only by the resilience of the financial institutions that issue them. The currency can easily disappear with the state that issues it.
Fiat has gotta go sorry Warren but crypto is the future what we have going on right now is an extended period of overspending and an industrialized form of slavery the stock market is overrated and the dollar isn't worth shit. Bring back a gold standard and maybe the conversation would be different but in my eyes the only solution the world has to inflation and an over reliance on banks is a decentralized form or forms of currency and that is achievable with crypto so your old ass might want to hop on board NASDAQ is trying to.
The fiat will never stop to exist as such. It can move to a digital format, but not a decentralised one, as governments need to be able to influence monetary policies.
They don't need to they want to hell people used to be able to print their own denominations. The world has made it without government interference in the monetary system now it shouldnt be like that but its obvious a fiat system doesnt work in the long run.
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It's not always the case, but it's great to see your post giving you the right news that many good thanks for everyone, thank you for sharing such a beautiful post. Present this kind of beautiful post to us in the future. Have a nice day