"...all of the bitcoin in the world for $25" - page 3.

mindrust

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Quote from: roadrunnerjaiv2025 on May 06, 2022, 05:25:50 PM

Warren Buffet recently made a strong declaration that he wouldn't buy all of the bitcoin in the world for $25, and it gave us a better glimpse of how he really views cryptocurrency. He went on to say that Bitcoin "doesn't multiply" and "doesn't produce anything," which is true if you think about it, except what multiplies in BTC is its value. I wonder what would make Buffet change his perception of BTC. Or maybe he's just trying to influence the crypto market for a bargain buy.

He says people don't really need bitcoin to sustain their lives. You need food, you need residence, water, healthcare, energy, transportation etc... He is putting his money on those vital industries and that's his choice. Somehow he don't see any value in bitcoin. Everybody should make up their own mind when making investments. We can't blame Buffett for having his own opinion about things.

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Quote from: roadrunnerjaiv2025 on May 06, 2022, 05:25:50 PM

Warren Buffet recently made a strong declaration that he wouldn't buy all of the bitcoin in the world for $25, and it gave us a better glimpse of how he really views cryptocurrency. He went on to say that Bitcoin "doesn't multiply" and "doesn't produce anything," which is true if you think about it, except what multiplies in BTC is its value. I wonder what would make Buffet change his perception of BTC. Or maybe he's just trying to influence the crypto market for a bargain buy.

Warren has been wrong about many things in the past and he has admitted this previously, he missed up on big investments in companies like Amazon and Microsoft. There is also a degree of technical illiteracy, he pretty much avoids investing in tech company and that investment in Apple was a big leap for him, but has paid off handsomely. So he can definitely make errors in judgement, but it seems he is just against the idea of a globalized currency and part of me wonders if it is in someway connected to his patriotism for the US Dollar as the only reserve currency. We're at the point where it takes a lot of money to change the underlying price of Bitcoin and he's right about it being unproductive in comparison to stocks or property.

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It will be up to him if he is not going to buy all the bitcoins because it depends on how he and people view bitcoin.
If he can see bitcoin as a high risk asset, he can still buy bitcoins but not in large quantities because of the risk factors behind bitcoin.
I don't expect Buffet to change his perception of bitcoin because we can't force him to accept bitcoin.
After all, he doesn't believe in bitcoin.

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Quote from: roadrunnerjaiv2025 on May 06, 2022, 05:25:50 PM

Warren Buffet recently made a strong declaration that he wouldn't buy all of the bitcoin in the world for $25, and it gave us a better glimpse of how he really views cryptocurrency. He went on to say that Bitcoin "doesn't multiply" and "doesn't produce anything," which is true if you think about it, except what multiplies in BTC is its value. I wonder what would make Buffet change his perception of BTC. Or maybe he's just trying to influence the crypto market for a bargain buy.

Warren Buffet's mind does not need to be changed and he does not need to change his mind about bitcoin, if he likes it or not, bitcoin price will rise, its marketcap will also rise, cryptocurrencies like ethereum and many others that are not shitcoins will rise in price and marketcap. There are some people that are criticizing bitcoin, but this does not change how the market remain the most productive some years back and now. Even bitcoin is getting less volatile than many stocks now.

Warren Buffet can only make his own statement that is hostile about bitcoin but it does not change that bitcoin price will reach all-time-high again and again, Warren Buffet also can not change the fact that bitcoin marketcap will reach all-time-high again band again.

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Quote from: pooya87 on May 06, 2022, 11:03:41 PM

First of all if he didn't care about bitcoin and he believed half of the things he has been saying about bitcoin, he shouldn't have even bothered talking about it. Would you talk about a topic that you don't care about at all? lol

I could almost guarantee that he indeed doesn't care but that they're just forced to talk about it because the "journalists" from CNBC needed an anti-Bitcoin news headline. I'm looking at you, Becky Quick.

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First of all if he didn't care about bitcoin and he believed half of the things he has been saying about bitcoin, he shouldn't have even bothered talking about it. Would you talk about a topic that you don't care about at all? lol

Secondly, the number 25 may have some significance in my opinion. It could actually indicate that he has invested $25 million into bitcoin and is one of the biggest whales today since I believe he bought bitcoin years ago when it was a lot cheaper and he was calling it "rat poison".

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Quote from: roadrunnerjaiv2025 on May 06, 2022, 05:25:50 PM

I wonder what would make Buffet change his perception of BTC. Or maybe he's just trying to influence the crypto market for a bargain buy.

Or maybe we should simply stop trying to get his approval. He's an investing GOAT — but let's not forget that his (and Berkshire Hathaway's) strategy is that he invest by the books; he's not the 'visionary' type of tech investor as venture capitalists.

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He has been bearish about crypto since the beginning pretty much. And honestly when I first heard about Bitcoin I also assumed it was a scam. Then I learnt more about it and realized that it has very good value.

For someone like Buffet, if you give him the white paper, he won’t make it a sentence before scratching his head out of confusion. He wont get it even if you explain it to him 100 times.

Since he doesn’t understand it, he wont buy it because it’s a risky investment. Many people need to understand this.

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Quote from: roadrunnerjaiv2025 on May 06, 2022, 05:25:50 PM

Warren Buffet recently made a strong declaration that he wouldn't buy all of the bitcoin in the world for $25, and it gave us a better glimpse of how he really views cryptocurrency. He went on to say that Bitcoin "doesn't multiply" and "doesn't produce anything," which is true if you think about it, except what multiplies in BTC is its value. I wonder what would make Buffet change his perception of BTC. Or maybe he's just trying to influence the crypto market for a bargain buy.

Just don't think about it for now, you'll just keep on thinking about it if you don't spare yourself from having the idea on how to convince him. Eventually, if he's going to be convinced , he'll be the one to tell it directly to the media with or without reason.
But for now, let's just take what he's saying and the obvious that it's not for him and he's not with us. He's an idol for investments but him and us may agree to disagree.

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Quote from: roadrunnerjaiv2025 on May 06, 2022, 05:25:50 PM

Warren Buffet recently made a strong declaration that he wouldn't buy all of the bitcoin in the world for $25, and it gave us a better glimpse of how he really views cryptocurrency. He went on to say that Bitcoin "doesn't multiply" and "doesn't produce anything," which is true if you think about it, except what multiplies in BTC is its value. I wonder what would make Buffet change his perception of BTC. Or maybe he's just trying to influence the crypto market for a bargain buy.

He is known as one of the biggest hater of cryptocurrencies so this isn't suprising to such statement from him and just because he said he won't buy won't stop other people from buying it. He is just sticking with his old school investing ideas and he takes risk only on the things which he understands so no need to concentrate on Buffet about Bitcoin because he didn't understand so didn't invest if you understand then you're ready to invest that's it.

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If that's his perspective view about Bitcoin then we can't change about that so just leave them alone they were part of the small percentage of people who always opposed what Bitcoin should do like how fiat did. But that's not gonna change either so let's respect it's other's decision and move on.

Bitcoin itself is already a freedom from the government controlling your own money and if he can't stand that because his standard is sticking to the fiat standard then so be it. Let's just see what would he do if Bitcoin price reach a six digit price in the future.

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He said he wouldn't buy all of the BTC for $25 billion.

Quote from: roadrunnerjaiv2025 on May 06, 2022, 05:25:50 PM

except what multiplies in BTC is its value.

past performance does not guarantee future performance

Quote from: roadrunnerjaiv2025 on May 06, 2022, 05:25:50 PM

I wonder what would make Buffet change his perception of BTC. Or maybe he's just trying to influence the crypto market for a bargain buy.

Nothing. Buffet invests in stocks and he hates speculative trading. Bitcoin is pure speculative trading, there's no mathematical formula for claculating how much 1 bitcoin should cost. Stop seeking validation from him.

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Quote from: roadrunnerjaiv2025 on May 06, 2022, 05:25:50 PM

I wonder what would make Buffet change his perception of BTC.

I'd feel like we were heading down the wrong path if he ever did change his mind. If nothing else, Buffett serves as a useful barometer of sorts to ensure we aren't pandering towards institutional investors. People like that will never like Bitcoin because it's a threat to their preferred business model. And that's a good thing in my view.

Disruptive by design. As intended.

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Quote from: roadrunnerjaiv2025 on May 06, 2022, 05:25:50 PM

Warren Buffet recently made a strong declaration that he wouldn't buy all of the bitcoin in the world for $25, and it gave us a better glimpse of how he really views cryptocurrency. He went on to say that Bitcoin "doesn't multiply" and "doesn't produce anything," which is true if you think about it, except what multiplies in BTC is its value. I wonder what would make Buffet change his perception of BTC. Or maybe he's just trying to influence the crypto market for a bargain buy.

Trying to give out some negative sentiment for some obvious reason which is really that not that something new into this market.Lots of billionaires or known economist or big time investors who do make out their

own sentiments which it could changed from positive to negative in a span of time basing on what would be their intent which they do believe that it could really give out some significant impact on the market

but we know that we arent that fools to believe easily on man's word or speculation or opinion on what bitcoin is all about.

roadrunnerjaiv2025

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Warren Buffet recently made a strong declaration that he wouldn't buy all of the bitcoin in the world for $25, and it gave us a better glimpse of how he really views cryptocurrency. He went on to say that Bitcoin "doesn't multiply" and "doesn't produce anything," which is true if you think about it, except what multiplies in BTC is its value. I wonder what would make Buffet change his perception of BTC. Or maybe he's just trying to influence the crypto market for a bargain buy.

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