Buffett is all about value investing. Bitcoin and other cryptos have no fundamental value at this time... Cryptocurrency's value is in its potential and growth.
That's fine, he doesn't want to invest I'm not going to persuade him. Why attack it though. You don't see the potential, walk away. If he is attacking it it must mean that he's angry at it taking away some of his profits or he's angry because he missed the train.
Buffett is protecting his investments - his largest holdings are Banks, Insurance and Credit companies. What little he does know about Crypto, he knows will hurt his investments. Buffett is famous for not investing in tech (until Apple, which at the point Buffet invested in it, really isn't tech any more).
It's sad, it's unfortunate, yet he has chosen to use his position with the media to preach against the inevitable changes that Crypto/Blockchain is bring to the world. I'd rather he was with us than against us. But I get why he hates Crypto, and time will show that he is just a man, like any other man, flawed and sometimes wrong.
