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RE: "Short suitcases!" Warren Buffet's view on Bitcoin

in #bitcoin5 years ago

Hi @connecteconomy
Thank you for the interesting post and video.
I admire Mr Buffet like I admire many people, but I am not uncomfortable about believing Bitcoin has value. I think the tried and true adage that’s things gave value because people think they have value is true. As for Mr Buffet, one of his foundational principles is to buy companies which he understands and who have an established brand and a renewable product. That philosophy excludes Apple, Netflix and other technologies for a long time. Until he understands the company, the company has an established brand and products people buy frequently. Bitcoin won’t fit those three criterion for a while.
✍️

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