Warren Buffett: Why Bitcoin Is About To Collapse (UNBELIEVABLE)

[zblus]

Ironic how Charlie Munger once said, “I never allow myself to hold an opinion on anything that I don't know the other side's argument better than they do”

[burningbillionaire]

*Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver*🎉 #burningbillionaire ❤️

[LewdCustomer]

You need dollars to get bitcoin. You get dollars if you sell bitcoin. You need dollars to buy any other stuff. Just use dollars. Bitcoin is volatile as a gasoline fire. Just use dollars and avoid the worry and any shenanigans.

[grantguy]

Didnot the btc people say it is inflation proof and also value storage. Time will tell who is right. Buffet always give example on farm, either he is a real farmer in heart or he thinks we the regular people are farmers.

[thisisnotfinancialadvice]

It rewards fees and produced block rewards too miners.. it also produces cross the globe money transactions without 3 day wait and crazy fees

[brainstormingchannel]

Well from the book the richest men in Babylon. There is a saying: only ask people wisdom on what their professional at. Warren Buffett clearly doesn't understand much about crypto, but i still respect the man tho.

[caiogustus]

Different generations...different technologies

[srfin]

Thats the same argument for diamonds and art? but people still buy it

[desistang]

So he does think money that get transferred in suitcases now can be in bitcoin, some one could that legally moving to a country, fleeing the war, especially if they don't/trust want intermediaries.