Warren Buffett: : Why I HATE Bitcoin?

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Warren Buffett: : Why I HATE Bitcoin?

#shorts

[alessandrobianco]

Nice to read all those billionaires giving advices to Warren Buffet

[missionpupa]

The old-school Investors thought the same thing with facebook, they just didn't understand how a social network would ever be of value, that's why a lot of them passed on it

[lamontdavis]

Bitcoin isn't worth shit is what he's saying basically and I agree 💯 👌🏼

[iamtrinity]

I didn't expect to hear a math going on here.... Lost me 😂 lolol

[CUBETechie]

Buying land and let grow Bamboo once you plant it will grow fast and when cut down it will regrow and get a substainable and renewable resource

[guptasnotes]

I have successfully travelled through some of the roughest times in my life thus far because I was able to recall and put into practice what I have learned from listening to you. My world had limits before!!

[TXLionHeart]

Yeah, land and commodities have the potential of becoming productive. This was a bad analogy...

[sphilomaph]

Buffet is such a genius but idk why he’s completely disregarding that overtime the potential of productivity for Bitcoin will increase as it’s utility increases : ie more ppl use defi as a means of exchange rather than just a store of value

[dvms]

Love him, but crypto's goal is to become a global currency, not an asset class. The more fiat currencies are printed, the less value there is in them.

[yollon]

I would want to ask Warren Buffet what happend to his circle of competence principle as he admitted himself that he is not a tech guy. Bitcoin is a great thing but I will also stay invested in Berkshire no matter what happens to Bitcoin or Buffet in the future.

[karkanrey]

It’s hard to see value in something you don’t understand

[Malik]

the energy it takes to complete each bitcoin transaction then you understand it doesn’t have no chance sadly plus regulations so it’s still alive because people think one day new technology will overcome this barrier but still...

[ThomasConover]

Warren buffet is still blinded by his own old age and cannot see.

Bitcoin is an extremely productive asset. Two of its extremely productive assets/functions are;

1: the worlds first trust-machine. It’s a machine that produce “trust” as a product.

2: it’s a double-spend protector. It’s function is to make sure nobody can counterfeit a Bitcoin you own.

Soon there will be men who’s richer than warren buffet because of this.

[MarkeziProducer]

I totally respect him but to be real he needs some education in this particular field, he should start by understanding web 3.0 first.

[Devilich]

Yeah he doesn't understand it. Funny that he himself often admits that tech is by far his biggest weakness.

[exxonein]

What if u buy land in a country and then the government decides to take it from you?

[ledgermanager]

but its pow? where is the non productivity in work? and since when is a mathematical proof regarded as invalid?

[blendon]

He doesn't mind investing in coke, even tho its super bad for a lot of people

[renanbrayner]

This is a bad interpretation of what Bitcoin is and what it actually does and how it can act in a productive way

[hollysongs]

He didn't understand about digital assets