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RE: Billionaire Buffett Calls Bitcoin A Bubble Ignoring The Largest Equity and Debt Bubbles In History
Warren doesn't invest in anything he can't understand. There is a lot of complexity in cryptocurrency which makes him uneasy at this stage in the technology.
Not really true. He invested in IBM, and clearly does not understand their future,
He thought he understood IBM, invested in it, then realized his mistake & divested. His philosophy of investing is not suitable for technology stocks, but it's great for other types of instruments.