Topic: Warren Buffet bought “Gold� for the first time. When Bitcoin? (Read 536 times)

Not really a good decision coming  from one of the so called best investor of our generation, gold is not for me the best assets or commodity to buy today when there are a lot of Fintech and start up and promising assets like Crypto, but we all know Buffet he doesn't profit anymore at his old age even though people are shouting Crypto is the next big thing.

There is an article pointing out that gold mining is not really profitable as people usually think. Most of the mine is out of stocks and those gold companies consider that finding a new mine will cost them huge money for new infrastructures and facilities. Well, although Warren Buffet is a legend in investing, I doubt that he can make a clear decision when he is getting older years by years. However, we can't deny his impacts on the economy since every investment he makes can easily cause a big FOMO in the investing world.

People only likes to invest in things they know about and understand fully. I don’t think anyone, even you, that knows what they are doing will be investing his or her money in something that they don’t know about, and the way I see it Warren Buffet doesn’t know much about cryptocurrency, and that’s based on some facts I have seen before. He doesn’t know much about Bitcoin, he doesn’t understand it, so he chose to invest in something that he believes in and we should let him be.

I still believe that as time goes on, most of these big investors that don’t like Bitcoin will come to understand it very well and then start to invest in it. They all have their advisors I believe, and maybe one day it will be something they will be discussing.

Buffet is a veteran investor who is notoriously idealistic, I believe that until Buffett dies, he will not invest in Bitcoin.

there is no young or old in crypto investing...
Since the beginning Buffet did not really like cryptocurrencies, especially Bitcoin, Buffett has made several statements insulting Bitcoin;

Changing strategies according to the condition is really important for an investors to make profits and that is what actually he is doing, he knows that aviation companies are going to be in huge crisis for few more years so he switches to something better which is gold at the moment.Probably there will not be enough time for him to invest on the bitcoin due to age factor but if someone follows his strategy will do that in future when bitcoin is about to make a huge change.

Warren Buffet represents "the real money owner". Buffett's change in investment strategy is hard code that some people don't understand about the strategy used by America and the makers of the international economic system for balancing the dollar amount printed, with the project or collaterals so that there is no more subprime mortgage-type case. America realizes that printing money, especially for direct cash assistance to overcome the pandemic, is a step towards a decrease in the value of the dollar and inflation, therefore the price of gold rises.

In order to reduce the disparity in the printing of money and avoid the potential for depression, the method taken by the owners of the system was to increase their gold reserves and increase the price of gold. As a price maker, it is certainly easy for America to pump up the price of gold so that in the end the ratio of gold owned by America is not unequal with the printed dollars.

His life will not be enough to see bitcoin actually become something huge. Dude is 89 years old, even on the best of terms I can see him go for maybe 10 more years which I really doubt but even if he does that in 10 years bitcoin will not be something super standard and adopted, it will be bigger than what we have right now but it will not be so common that everyone will be using it everywhere, hence I believe that warren doesn't have enough life left in him to see bitcoin soar.

Bitcoin becoming a standard everywhere and the world becoming a lot more online (which is happening right now) instead of actually going out to spend, it will be a lot more than 10 years, it will probably be 20-30 years before that happens. Remember 2010, it wasn't that long ago and we didn't really have too much life changes since that moment, but check 1990 or 2000 and you can see how much we changed, so in 10 years life doesn't change drastically but when you go back 20-30 years it does actually change a lot.

Buffett gets rich and he believes in what he has learned. The truth is he is old and I think he changed his opinion. Also in 2019, he was fooled $ 340 million into the clean energy company DC Solar of the couple Jeff and Paulette Carpoff in California (USA). He let Elon Musk pass and dropped quickly. Buffett has sold out all of his aviation shares. Previously he thought gold was not something worth investing in, but now he's changed. Maybe in a few years he will buy bitcoin.

Buffet is one of the most respected business tycoon in the world and if there is a chance that he accumulated crypto secretly it will after his dining with Justin Sun cause he was giving his first bitcoin by him and with the price sense of bitcoin when the pandemic issue was high Buffet may have give in to crypto secretly.
About his Gold investment this wont be his first time.

Yups Just like in Gold as i don't believe that it is really His first time buying Gold since all people in the world either want to have gold or they already have,and also He may have Given some Gift for His  Lover r other friend thats why it is impossible that this is His first time having Goldmaybe the man Is just hypocrite to accept reality.

Having a lot of money?there is always a possibilities that He is accumulating crypto secretly?

He might be investing in Bitcoin privately and not make it public. The mass adoption is begun to happen to all digital assets.

Anything that is backed by any strong fundamentals or has any physical existence is the one Warren Buffet looks for and this is the reason might be he is not looking for now bitcoin. He is missing this opportunity to buy it and create some portfolio separately for crypto just to test it.

I would assume that crypto currencies just don't qualifiy as "value" for Warren Buffet. His very strong value orientated investing style always looks for hard assets. That's probably why he went also for the mining company instead of buying physical gold outright. He will still be a shareholder and has asset behind the company, like offices, land rights, equipment.
Even though bitcoins are the future I believe Warren Buffet would classify as too risky, as their is no government behind it or other form of security. 

    Crwth you are right, we will not see Warren Buffet buying bitcoin, he is old man with conservative way of thinking
and apparently there's nothing that can change his mind. But in any case I think that his time passed, or it will pass
soon. Soon his successors will start making decisions and companies will either join new trend, crypto-currencies or
they will be left behind.

After reading the article, it seems that he has withdrawn money from the market and put it into a more strong stock that is not going to be affected by the pandemic. Just like you said, Gold, in terms of investments from Warren Buffet, I do not think he will be investing in cryptocurrencies in any way.

If anybody Remembers, Justin Sun, had the dinner with Warren Buffet and tried to convince him on to crypto, he said this. Look at the quote on this article below

So for Warren Buffet investing in crypto, I don't think it will never be in his interest anymore.

We cant say that it is a right call since we dont know on whats the actual thing that he had on mind when considering on buying gold on this time rather than on bitcoin

but we can make presumptions basing of between the two assets and as an traditional investor which is heavily considering always on traditional investments then its no surprise

that he would stick into this precious metal.We cant say that he havent recognized bitcoin but we are sure that it wont really be an option for him but who knows?

There will be no wonder for turning into gold when world business are being shut down or its production rates are getting impacted due to pandemic situations. Probably in my observation Warren Buffet must be too late to get into the gold train. Worldwide people are slowly getting back into normal life as lockdown restrictions are being lifted step-by-step in most countries. This will lead to stocks to be performing like before because business are getting back into normal.

When business get into back of its full fledged nature, investors may get back to stocks by leaving gold. I mean there could be plenty of chances for gold prices to fall in near future if vaccine for corona arrives. I speculate gold will suffer a huge blow if vaccine arrives and stocks start to flourish.

Warren Buffet never had good opinion on bitcoin and this time he probably made another mistake by choosing gold due to its recent spike which was triggered by pandemic conditions; I am sure pandemic things will not sustain hence investors may move out of gold to catch stocks cheaper before everyone else.

I am not surprised that Warren Buffett finally bought Gold, because the stock market decline that occurred made Warren Buffett take it
the right step by buying Gold. But when it comes to Bitcoin I'm sure Warren Buffett won't buy it anytime soon, although the price of
Bitcoin is trending up like Gold. But still Bitcoin is difficult to predict and can suddenly drop in price, therefore Warren Buffett
still considers Bitcoin like gambling.

So much hate for the Gold before and now, he’s investing on it like nothing happened. Anyway, expect Gold to pump higher because of this and since many economies are really suffering right now Gold is the best option to earn and save more profits. I hope bitcoin is the next step for Warren though we don’t need him to get invested but at least he’s a popular stocks guy and it can make a good impression for bitcoin so let’s see.

Even though this might not give a clear hint about when he is going to buy bitcoin but one thing is pretty evident from this that the equity markets are in some danger maybe that's why he is trying to add on some low beta gold on his portfolio. Maybe the Quantity is low but still a historic move must be due to some reason. Because he never does any investment just without any reason. While about bitcoin I think until there is no regulation big Investors won't hurt themselves with litigations by entering in Bitcoin.

I think bitcoin and gold are fundamentally different in the world of finance. One of them is a thing that people have known for millennia, literally over 3 thousand years of using it like a money and exchange it for goods, so it is impossible for people to actually end up with gold to save some money and save their purchasing power, it is such a common thing.

However bitcoin is a brand new thing, it has been around for 11-12 years at best, sure there were tests and other tries for something like bitcoin for years but I honestly feel like this is the only time it could ever be sensible for Warren Buffet to buy gold, because gold is something he already knew, gold is something people invested into even before he was born, but bitcoin is a brand new thing that came out after he was 70 years old! So, I understand it.

he's not allergic to it I guess, he's just playing games with you guys, coz u see this man has a net worth of $80 billion, collecting up bitcoin for like 10 bitcoins would not hurt his pocket so bad, it's like just penny to him I can say. I'm trying to sink it in myself that this man isn't going for crypto after all these years that we've had having bitcoin on top. There's just no way!

This is what I like with crypto, it is like a game for every one coz we don't know the person behind an address, we probably been seeing Warren moving his stacks a long time ago and telling us not to buy bitcoin coz he just wanted to buy it cheaper then become silent for a while, dump his coin then spread FUD again, when price decreases he's going to buy again, and the cycle continues making a huge money load for himself.

This isn't as impossible as we thought, we won't really know how things might turned or just flow naturally. Paypal and Visa already had it, why not Warren's company?

He is now old and it seems that he do not want to accept new ideas and new concept anymore, his view towards bitcoin will not changed for sure because he have his own mindset and ideas. He is already a billionaire and he has own way in order to grow his money. He already proved that he is one of the best businessman in the world, I think the reason why he doesn't like bitcoin is because he is used to make investment through traditional investment.

Young minds have a lot of good ideas and Warren Buffet has that positivity before but it comes into the point that he's losing such sensibility as he going older. I'm not seeing that he was losing his bright minds and positivity but he can't lower down his pride and keep the hates towards bitcoin. He is the kind of person that never accepts losses instead to keep himself always right though we know that he's actually wrong.

He badly curses crypto instead of opening up his mind to reality and accept that he is wrong.

Others may disagree, but I have to say that Warren Buffet has become completely irrelevant. His ideas were good two decades back. But more recently, his investments are not doing that good. He is close to 90-years and I guess his brain is not as sharp as it has been before. All that said, I have listened to a few of his interviews, when he was talking about Bitcoin. The hatred he has for the cryptocurrency is surprising. It is perhaps borne out of jealousy, as he missed out investing in BTC during the early days.

The only thing I can say is that we on the bitcointalk forum are constantly commenting on what the WB said or did, as if Bitcoin is completely dependent on one man. The man has expressed his opinion on Bitcoin countless times, and the probability of changing is extremely small or non-existent - after all, he is a man who belongs to the world of another old-school economy.

I understand that people are excited because WB has done something it has never done before, but I don't believe that gold can be followed by Bitcoin - after all, WB isn't Jamie Dimon or Michael Saylor.

Nice to see him finally deciding and investing in the gold for the first very time. This also means that if not now later he may think on the bitcoin as well and who knows one super day, we may hear his change views on bitcoin and also bought some of them.

Warren Buffet is not buying Bitcoins (YET).
Of course his firm cannot do, for many obvious reasons, "secret investments".
In addition to that, he doesn't invests in things as commodities or currencies (either FIAT or Crypto), as there are not "investments" according to the aforementioned shareholder letters.

In addition to that, I think his latest statement about bitcoin is:

Source: Billionaire Warren Buffett Calls Bitcoin ‘Rat Poison Squared’

This is a view he has on every not dividend yielding assets, as I explained above.
The peculiar view on Bitcoin is the following:



My bet is not if, but when, thew will change from the above statements to Bitcoin investment.

Gold was always the most stable investment for the mid and long term investors and suitable for people who looking for stable market. But recently gold price fallen down and made a real nice chance for anyone to invest there and buy golds for a real heap price. Warren Buffet is one of this people, since he a long term investor and he saw a good chance for buying gold and he used it. However, Warren Buffet didn't really like Bitcoin for investing as he said on the interviews.

He's a multi-billionaire, he doesn't need to secretly get richer by buying something he doesn't understand in private.
His company isn't in the business of hiding in the shadows, and I'm pretty sure they don't do "secret" investments.

You can argue the exact same thing about any fiat currency.
This video sums it up nicely: Youtube: Silicon Valley | Cryptocurrency | Bitcoin S5E7.

It is a pure assumption, he has a interview and he said that he will never own a cryptocurrencies so he is basically a hater because of what he said that it has "no value". Anyway Warren Buffet is the most successful American investor after all, public always want to know what are the stocks that he is buying in order to ride the hype. Because of his power and his huge money, he can easily pump a certain assets. I do not know if his mind will be changed because it seems that he is still not finding the value of the cryptocurrencies especially the bitcoin. But once Warren Buffet accept and invest in bitcoin, for sure it will cause a hype where we can see monstrous rally.

Who knows Warren Buffet already investing in bitcoin and he did not publicly announce about investing bitcoin because we know that he hated crypto before. However, this is not surprising to me because gold is one of the most promising investments, the price slowly has grown but surely a safe investment.

I guess he will realize soon the potential of bitcoin as an investment just like gold. For now, I thinking this that like investing gold mining and bitcoin is the same profitable.

A recetn exchange of posts between Pomp and Peter Schiff made me wonder when Buffet will join the Bitcoin community too. If he really does, I assume he will do it like BlackRock did, with an investment in a company that is clse to cryptos. As for gold, a hardcore guy like Schiff should be careful about Elon Musks move to mine Gold on Asteroids in the next 5-10 years

Most probably because we all know how allergic he is with the crypto stuff . However, if he really got a true business mind then there's no way that he will not be interested on something which can give him profits. And bitcoin investing can do that! So I think he grabbed/grabs/will grab it (maybe he's not as vocal as the others because he want to take care of his reputation). It is just that Warren Buffet shows hatred to crypto maybe because he was not yet comfortable moving outside his empire .
*knock in the wood

The investment he has made is on a gold mining company that has a marked a 45% profit for the year. This is being used as a source mentioning his increase on interest over the gold. This positive sign over gold is being predicted to create value addition to bitcoin. Buffet who is well known for investment strategies never have long term investment betting on the banking sector moving towards a high liquidity gold is a start focusing on the technology uplifting. As said maybe the next gen of company holdings/holders of Buffet will prioritise cryptocurrency market investment.

With this logic, he'd buy "Bitcoin" - a stock of some company related to Bitcoin. Except he'll never do this, because he might view gold as useful, a thousand-year tested asset, but Bitcoin is a volatile, speculative "rat poison". I can totally see Warren Buffet vetoing a proposal to buy crypto company stocks on a board meeting of Berkshire Hathaway, because doing so would kinda harm his reputation. Maybe after Buffet will be gone his company will get into crypto, especially as crypto will become more established in the coming years.

who knows, he's privately securing bitcoin stash?  but with gold, thats a sure investment so it's really not surprising at all.  he can do all he wants with his riches, so wherever he invests it, he's free to do so. but if in case in the future, he will publicly mention when he invests in crypto, i guess people will go wild and it will have an impact on bitcoin's price. let's see...

Maybe he sees that the dollar value is slowly withering and we know that he is a type of man where he holds a lot of dollars and will just invest in a perfect time.

The reason I see why he bought is that he is hedging and possible that he sees the value of Gold. When it comes to Bitcoin, he can buy anytime he wants too but I don't think that he has interest in buying it. If he will not buy now or sometime in the future, he will regret it.. or not :X.

Old people prefer stability and mostly asset that they can held but been older was not the reason why Buffet didn't associate with cryptocurrency cause he's good business mind person and I also believe he didn't gets involve with crypto because of his shareholders as said by @The Pharmacist.
Meanwhile, with the stability in price and potentials of Gold is not possible for Buffet to just bought his first gold but this maybe his first public investment in gold.

If Buffet is into buying mining companies and shares instead of the metals, why are we worried about him buying BTC? He can, instead, trade ETFs and make good money through it but you know he is Warren Buffet and someone sitting at such a high position will look for more liquidity to be able to redeem his profits while not dumping the markets (yes, he can dump the whole BTC market and still will not be in profits). I think he will take interest in BTC futures soon when the total crypto marketcap goes insane.

Maybe he sees its long term value but it's too long for him.

We will gradually move from paper to electronic money and possibly from there into more mainstream crypto but it's going to take many years before it happens and the future can be volatile. Buffett will be long gone by then. Old people prefer stability.

I think a lot of crypto mining firms are holidng onto a lot of their funds as well in hope that the price increases... You can generally get away without reading an electric metre for a copule of months-years here - I doubt it's much different anywhere else and it'd proabably make it more lucrative for them as they scale up to just wait on it.


Yeah most people get stuck learning about crypto so he probably thought he might've got stuck there too. I think there's an extremely high learning curve if you're not accustomed to science/computing before moving into crypto.

I think, as I understand Buffet investing, he invested in mining because it’s literally the industry most correlated with gold prices, not because of the mining per se. He said over the decades doesn’t consider commodities for his investment, as buying something and waiting for a price appreciation is not true investment. So he wanted a true business providing a steady dividend flow AND correlated with gold prices prices.


A few months ago, in the infamous Goldman Sachs presentation about bitcoin, they showed in case of “normal inflation� equities are a better hedge than gold. In this sense I think a bitcoin related equity (MicroStrategy is the only one I can think about right now!) are a better hedge, under Warren Buffet parameters he CURRENTLY use to invest.
Bitcoin mining is maybe the most competitive industry on planet Earth. I guess it’s not a good industry to invest into.

The point is: how long can Buffet ignore the true point,  and avoid buying bitcoin directly? When he will have to capitulate and accept the fact Bitcoin will be the new investment parameter?

Warren Buffet didn't invest in bitcoin, but a gold mining company (by extension Gold), but I get your point and how bicoin comes in, in all of these, after the Grayscale/MicroStrategy big news and how it was affiliated with bitcoin, one thing could be certain and it's that there's going to be a gradual movement from fiat to assets that can stand inflation and ward off devaluation.

That being said, talking about assets that can ward off inflation, Gold will come to mind first, but the next asset I'll think about is bitcoin, though it's still a long way before Bitcoin can be technically a safe haven, but it's in that phase to becoming that, bitcoin is doing good things this year, and this evolutionary step will continue and end up in bigger things.

Buffett has always said not to invest in things you don't understand. That's why he was very late investing in for instance Amazon.

The Bitcoin-equivalent of investing in gold mining would be investing in Bitcoin mining. I don't expect that to happen though, it's totally different. A gold mine and the company that owns it can expect long-term productivity, whereas a Bitcoin miner sees his hardware quickly become obsolete. It's much more of a continuous gamble on profitability than the stable flow of gold taken out of the ground. Then again, most of my knowledge comes from Gold Rush on the Discovery channel

Typical Buffet move to invest in a gold mining company rather than gold itself. He's in the business of buying shares of value producing companies rather than rare commodities that are meant to be bought and hold. Also if everyone's digging for gold, what better move is there than to start selling shovels?

As far as Bitcoin is concerned, I doubt we'll ever see a move in this direction in Buffet's lifetime. First of all it's not his investment style (ie. it's a rare commodity rather than a company) and secondly he stated that he doesn't understand Bitcoin and is not willing to invest in something that he doesn't fully understand. Which I can only respect since honestly it is a kind of level headedness that is often missing in crypto.

Warren Buffet will never buy Bitcoin in the near future. The reason is Bitcoin is like gambling, no one knows the reasons for the ups and downs of Bitcoin prices for sure. Warren Buffett is one of those investors who thinks deeply about the fundamentals of his investments. Currently, Bitcoin still doesn't have clear fundamentals to be a very attractive investment for a Warren Buffet. If one day Bitcoin has clear fundamentals then im sure Warren Buffett will buy Bitcoin and be part of his investments.

I really like this trade into an actual mining company instead of buying gold outright. I actually only bought commodity index funds (mostly gold and silver) at the start for corona. I was a bit afraid equities would drop across the board. Dumping Airline stocks seemed like a no brainer - I think everyone sold them. But also selling Goldman Sachs stocks seems very conservative to me. Personally I am still holding some smaller European banks and probably won't sell them in the near future.

Its still possible and we never know whats unpublished. People will probably track and try to find out what it is doing with bitcoin and of course the news circulating in the media may not be 100% true. I find it hard to believe that he will never try to invest in bitcoin, which today can still be said to be a very profitable investment asset. I think he know, but guessing that he own some bitcoin is also not the right thing.

I agree with this, whale investors usually take positions in or drop certain assets after some inside information or some market activity which would be reflected at a later time.
Warren Buffett usually is attracted to firms with positive net profit margin and a high asset turnover, he is also attracted to assets which returns dividends to shareholders, which Barrick Gold did earlier this year:

Toronto — Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced that its Board of Directors has declared a dividend for the first quarter of 2020 of US $0.07 per share, payable on June 15, 2020, to shareholders of record at the close of business on May 29, 2020.
Source

On whether or not he owns bitcoins, it's possible without it being made public. Berkshire Hathaway has previously requested that some of their holdings not be made public by the SEC, without any public news, there can be no certainty.
He can also of course have a private wallet.

Perhaps regulatory restrictions are what prevents him from investing? Even if he buys, there is no need to show it to the public, he will not benefit anything and the price may increase by 1%, but the price will quickly correct.

I am against the rule of buying something because someone bought it or analysts expect it, follow your own style, analyze the news (not all of them are correct) and build your investment plan.

The economic recession may appear violent, or it is maneuvering to buy some shares at a cheaper price.

I hadn't read about Grayscale (but I'll check it out), but I was aware of MSTR's purchase of bitcoin, which I find to be very ballsy for a publicly-traded corporation to do.  Their stock was up a lot at yesterday's close, though I'm not sure that has anything to do with them buying bitcoin.

Warren Buffett certainly knows what he's doing, and the fact that he's ditching banks stocks has me thinking that something big is brewing, either in the banking sector in particular or the economy as a whole.  It's probably going to end up being both.  Buffett has also invested in metals before.  Some years ago he bought a bunch of physical silver if I'm not mistaken, and he made a tidy profit on it.  And if he's buying a single mining stock, it's likely not simply because he wants to invest in gold.  The business is probably an undervalued company that he's going to hold for the long-term.

This is some pretty interesting news, and it kind of reflects the crazy world we're living in right now.

It's not that he's too old.  Buffett is a very smart man and he just doesn't see it having any long-term value--plus his shareholders at Berkshire Hathaway would probably revolt if he did get into crypto. 

He isn't investing in BTC despite seeing the value of 1 BTC given to him by Sun had already climbed. Do you also think he is secretly investing BTC?

He isn't announcing he is investing BTC of course it will just prove him wrong. Announcing he is investing in BTC would make people go and buy BTC too resulting in to pump, he probably dont want that too because he also wants to accumulate.

Gold mining is a bit of a secure investment imo...

And you're not just investing in the gold, you're investing in the infrastructure which can be sold on if necessary or leased. Even if the price of gold falls, margins are still probably the same.

He probably won't be alive at a point where he'd choose to invest in bitcoin mining, and he probably already holds bitcoin(?) What stopped him holding $1 million worth and just keeping it parked? Berkshire aren't going to buy bitcoin anytime soon - in any meaningful amount I doubt bitcoin could absorb it.

This does actually mean though that Warren buffet has turned away from real estate and to gold - does he think new York Real Estate won't be growing for a while? Is he worried of another banking crisis? Most people say house prices should fall between 6 months and a year - perhaps this is his bet on that...

Buffet is too old for crypto. If he want to just buy gold and not invest in btc then it his own right

You have probably heard the news.
Warren Buffet bought gold, or rather something very similar to gold, for the first time in his history.

Warren Buffett traded Goldman Sachs for gold in Berkshire Hathaway’s newly revealed portfolio


So he basically slashed his financial sectors exposure, to gain exposure to gold. Owning a gold mining company actually gives you exposure to price fluctuations of the underlying commodity, having the advantage, following the Omaha gospel, of providing a flow of dividends. Something similar to buying a refinery to get exposure to oil price appreciation.

Actually Buffet has always been really adverse to commodity investment, as he always thought a real enterprise, with the associated flow of money, constitutes an investment. So getting long commodity is not an investment.

From 2011 Berkshire Hathaway shareholders newsletter:



https://www.berkshirehathaway.com/letters/2011ltr.pdf

Just to put things in the right perspective the investment is not great, in Berkshire Hathaway parameters: they had  received over 3.7 Billion $ just in dividends from their top 10 companies (dividends from Apple and Wells Fargo topped more than 700 millions from each firm), compared to a GOLD investment of 563 USD million.
 But we Have to remember Buffet is used to invest (and disinvest) in chunks. So wo might see other investments in the coming quarters.

What it strikes to me is the timing.
In a few days we had three incredible news:

• Microstrategy, a Publicly listed company, bought more than 21,000 BTC as base asset reserve
• Grayscale investment had their biggest weekly inflows, with more than 217 USD millions of dollars subscribed in one week
• Warren Buffet buy a Gold mining Company, thinking the precious metal price dinamic will be able to provide him a good flow of dividends (this is an underplay off the situation, trying to minimise for intellectual honesty)

Having all these facts is a short span of time really make me think bitcoin is going trough a new evolutionary step in his history, a #Phase5, as PlanB use to call it.