Topic: Do you think Warren Buffett will change his mind about bitcoin? (Read 497 times)

I fully support you about organic growth and mass adoption. The massive use of bitcoin is the only non-speculative reason that can lead to the growth of bitcoin. I hope that solutions for the second layers (lightning, etc.) will become more popular and will allow more transactions using bitcoin (although I am an ideological opponent of additional layers and believe that all transactions should take place directly in the bitcoin blockchain, but at the moment there are simply no other technical solutions to increase the number of transactions in the bitcoin blockchain).

Well, you have a point there, --it means it is easy to manipulate the price and play the market with these rich men. Because bitcoin is not a form of investment, this is a form of digital cash to use in alternatively in physical money.
I don't care about Warren Buffett, bitcoin will grow the price at the right time when there are such much who appreciate the usage of bitcoin and the blockchain technology behind on it. We need mass adoption in order to circulate the demand and supply of bitcoin which gives the power to increase the price. Not by the price manipulator, it should be organic growth.

The main problem for billionaires and for funds when investing in bitcoin is low capitalization. Can you imagine what will happen to the price of bitcoin if some investment fund tries to buy bitcoins for at least 5 billion dollars? It will blow up the market. But this is a rather small amount for investment funds.

Stocks and Forex is just pretty much the same with crypto and of course when it comes to market then price would really move up and down and one of the factors will neither be that someone who are financially capabled or  famous ones did bought such thing.It mighe be having the difference between assets but they are much the same but we know that people like  Buffett would really much prefer into those
things that are centralized or things that he do seed that much less riskier than crypto.

I cant really blame him though but we dont know if hes investing gradually on crypto without telling or showing off into the public.These billionaires doesnt really need to show something from time to time in regards
into their investments or plans and it will vary on each one of them if they tend to share it out or keeping it a secret.

Changing up his mind towards btc investment is plausible.

Buffett is not different from most rich men of his age, they dont understand the technology of this age and always get there late. THough gold is a very old investment that he oppose but he understand where to get the profit which I think it  is a lesson to be learnt in the market. Choosing a coin as its maximalist is not the best position for this market. Every investor in chainlink, ethereum etc would have made more money this year than claiming a maximalist. Cryptocurrency is likely to make the richest man in the world in few more years

Even at this age he's quite strong with his investment plans and continue making millions. We can't state him to be out of the technology. In my understanding these people observe the market very precisely, but doesn't have the willingness to invest considering the market fluctuation and the growth pattern. In simple this is for the new generation people who are good in dealing with technology associated investment.

BTC represents a commodity or cash value in his best view, its not an investment.   I even agree with him, he has no need to buy this asset especially himself and he has said many times that technology is not his arena to consider.   His firm did buy up tech, apple and intel but he has junior staff taking over the reigns so the decisions for a giant fund dont solely fall on a man who wont live forever.


Never and everybody knows this already, Buffet buys good assets on a stormy days and he has done that since the 1930's probably so its not about to alter.   He can enter Crypto in some way but it wont be forced as he has all the tools to choose his battles.   His history with gold or silver is he did briefly own the raw commodity but more commonly he buys into gold via a chain of pawn broker shops.   These are some of the most profitable operations in retail and if you want gold, its cheapest here.   Similarly if he wants crypto he'd enter via an operation gaining possession cheaply in this way, like a casino is very capital intensive but also obtains that asset about as cheaply as possible.    Its not impossible but I dont see Buffet really understands a worth to crypto, I do disagree with his silence vs central bank policies but he does business not politics and macro economics.

He has not contributed anything to this technology so he don't deserve a mention in this community, wonder why people are creating a thread or a post about him when he looked Bitcoin negatively, I don't think he will ever change if he do shame on him for not supporting what is obvious to the world as the next big innovation.

Wont really that matter much neither if its just an individual or a group as long they are financially capable then they can really make out movements on where a company or group would able to do so.
As mentioned where doubts will really be there specially for those people who do hardly believe on institutional investments.Majority will really be just waiting for someone to make a step or they did already
able to do so but only on a test phase amount.They cant just go all in without even thinking about the risk behind it.

When it comes on Warren buffett changing his mind then anyone can do that.There are decisions which are made to be broken if he do reconsider it out on leaning back to Bitcoin once again
even if his a die hard traditional investor.

I would think that if any financial giant and not just warren buffet want to change their idea about bitcoin, that would happen with something a lot more major, like for example right now there are some big companies dabbling with bitcoin right now but not all of them go in big.

For example, the whole worlds financial companies like investment companies and banks and so forth have like a forex side right? Well, not all have crypto and the ones have crypto do not have that big, when they go that big, I would understand all of them get in, by that time Warren may not be alive like you said, but I believe it is possible for other financial giants, think of them as companies instead of people, like Berkshire might even if Warren is not around anymore to be getting in.

Hope you are aware that Warren Buffett is 89 years of age and he is a billionaire and he does not need to change any of his views at this age as he is not even looking to view the cryptocurrency market as an investment on a personal level. If we had a much better scaling solution that could accommodate millions of transaction then you would have a shot at convincing the naysayers.
 

As far as I know, the basic principle of Buffett's investment is: invest in what you use yourself. I can hardly imagine what needs Buffett should have in order to start using bitcoin. Is it a crypto casino or tax evasion? In both cases, he is unlikely to advertise it.

Bitcoin is good and if he can still trade, then he must start supporting Bitcoin now because it will go way beyond his expectation. Warren hates gold before and now, he is buying it and it can also happen to bitcoin despite of his criticism before. Warren can still influence many investors so if Warren decide to buy bitcoin, then the price pump can happen.

I don’t want to sound rude, but Buffett is at such an age that his opinion should no longer be as important as before - there is a high risk that it is wrong (due to age-related changes that are inevitable for any person). His opinion is interesting, it should be studied and discussed, but I would not rely on it.

Maybe he will change his mind in the future when most of the financial system will turn digital insted of cold hard cash, he is always fond of the cash just like a small chind who likes shiny things, once the world start accepting bitcoin then maybe he will change his stance about cryptocurrencies and embrace them. Although right now the chances of that happening are very slim, I guess he will prefer to remain an old school investor rather than innovating and becoming the new world investor. Bitcoin is still a small market that he doesn't want to play in which I guess won't be the same in a decade or so.

i know what you feel mate . yeah we are happy now on what we have on btc today and we dont want any drama . if he joins here , he can change his mind again and maybe will do complains like what he acted on his previous partnerships .

im not familiar to stocks but thanks for explaining it if thats how it really works . it means it can be easily manipulated by a single influencial person  ? ouch

Bitcoin doesn't need these big names, I mean sure it would be a big support if something like that happened, however it also doesn't mean that it is needed neither. I would say as long as we the people keep on supporting bitcoin I believe that is enough. Bitcoin is not like stocks, in the stock world when Warren Buffet buys a stock the price of that stock goes up right away, not even for a proper reason, it goes up because "warren buffet bought it" and that is really funny enough and totally not a reason why it should go up.

Bitcoin on the other hand is not like that, if people buy it the price goes up, if people sell it the price goes down, the community decide on what would be the price of bitcoin and that is why I believe these big names should stay away from it.

In investing specially with this billionaire Profit has always part for their targeted areas,while He changed His mind towards Gold that he denies over the years then why not in Bitcoin or other cryptocurrencies?
i believe that these days the man is observing carefully about how this market goes and what kind of profiting might held Him so i am positive that over the time He will change His mind and may invest inside crypto.
Well isn't same rant he says about Gold in the past?but now changing His mine?

anyway there is always place for Buffet in crypto so whenever he decide to Buy market is open as always.
and i think that if Bitcoin made another Run this year more than what we got in 2017?i think chances of making another decision will be on His way.

This is his recent rant about bitcoin, or crypto in general, Cryptocurrency ‘has no value’ – ‘I don’t own any and never will’. With that statement, I don't think that he will change his mind about bitcoin in the future.

every investor has his or her own style and will only invest in what he/her believes in.

I see a 0% chance that Warren Buffet will change his mind and invest in Bitcoin, we all can't force him to like/believe in Bitcoin.

without Warren Buffet, Bitcoin will continue to grow and be favored by young investors.