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Topic: Warren Buffett buying Bitcoin...A possibility? (Read 812 times)

legendary
Activity: 1358
Merit: 1565
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Peter Schiff also hates bitcoin but he accepts btc for his gold which is pretty weird. Don't trust these snakes.

I was surprised by what you were saying and when I checked I see that he does accept Bitcoin and two other shitcoins, what happens is that he does it through BitPay and it looks like he is like many businesses that accept payment in crypto but when the payment arrives the automatic conversion to fiat is made.
hero member
Activity: 546
Merit: 516
Well, he already owns numerous companies and including banks that have exposure to BTC. So indirectly he already does own.

Would Berkshire actually buy? Unlikely (just like they don't buy gold as an asset). But if he ever dies, would Ted and Todd? Yes, I believe they would, and when they do, that will be epic.
From the little I know about him, he has not openly endorsed Bitcoin but rather remained pessimistic about it so I don't think he will directly be buying Bitcoin anytime soon. Unless perhaps the US government changes their stance on Bitcoin and start accumulating it as a reserve currency, then he might decide to come directly because as an investor, his interest is where the money is and where the risk is low. However, like many people have already commented, he own banks that have connection to Bitcoin.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
After everything he has said and done against Bitcoin, I think he would be too ashamed to publicly announce that Bitcoin is a good investment, unlike what he thought. I think if he did buy Bitcoin, he would probably keep it a secret.

Honestly, he probably owns Bitcoin. Even if he won't admit it himself.

Of course. He's too afraid to do that. Same as some politicians and/or government officials. They announce their hate BTC against in public. But under the scenes, they're investing in it and making a lot of money. With spot ETFs launched, it becomes easier to invest in BTC. No technical knowledge or expertise required. The responsibility of handling/securing BTC lies in the hands of a custodian. Old people like Mr. Buffett can take advantage of this if they want to.

Bitcoin has gone this far since its inception. I'm sure it will continue to grow regardless of whoever supports it. The fun is just getting started. Perhaps, all of our dreams will come true and BTC will replace Fiat? Only time will tell. Cheesy
copper member
Activity: 70
Merit: 0
Any asset or anything in this world that wants to become great has to go through a lot of challenges, if bitcoin cannot overcome these small challenges then it does not deserve to continue to exist. If you truly believe in bitcoin, I believe you will never have to worry about these little things. Like humans, to grow and succeed, we must overcome many challenges.

BTC is overcoming many things that were already in front of him - and I think there will be many more of these.
And they will be dealt with too.
hero member
Activity: 1792
Merit: 534
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Do you really think that any of them have really changed? Look at Trump, do you think that one day he woke up and changed his mind? He does everything for his own personal benefits. A few days or weeks ago, Trump payed with Bitcoin but you know what? He had no idea how to pay and others payed for him. That accident proved that Trump has no idea about what is Bitcoin and how it works, he simply says lots of shit to attract votes, gain attention and increase wealth.
What is your purpose in investing in bitcoin if not for personal gain? Bitcoin is for everyone and everyone has different uses, just because other people use bitcoin differently than us doesn't mean we have the right to criticize or say that they won't bring any benefits to bitcoin.

I watched the video and it's true that Trump couldn't make that payment himself, but that doesn't mean he doesn't support Bitcoin. He doesn't need to know too much about it, a president's job is to enact policies that promote the growth of bitcoin, not necessarily to know everything about it, from how it works or to use it daily.

If Trump wins the election and enacts policies that are beneficial to bitcoin and the crypto industry, that is enough to prove that he is a bitcoin supporter.

Bitcoin is still very small. Any rich person can mess it up but I hope they won't do it. I think that Warren Buffet is not a threat for us, he is not like Elon Musk, he is an old-fashioned old grandpa who will retire soon.

Any asset or anything in this world that wants to become great has to go through a lot of challenges, if bitcoin cannot overcome these small challenges then it does not deserve to continue to exist. If you truly believe in bitcoin, I believe you will never have to worry about these little things. Like humans, to grow and succeed, we must overcome many challenges.
copper member
Activity: 70
Merit: 0
Let the old man keep stubborn with what he believed. Enough to hear him was always bashing Bitcoin and crypto. The last time I heard that he said, "Bitcoin doesn't produce anything".  This old man is even worse than Larry Fink.
thats all he has ever known. Born in 1930 under the ugly reality of the great depression, his generation was the one that kickstarted the "Federal reserve will lead us" cult  Grin

Buffet is an old gamer.
He uses old tactics. So why does he need something "unreliable" and "ponzy" in his schemes?
He can be understood too.
And laughed at for that.
?
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No businessman is indifferent to profit, and Buffett is no exception. His disdain for Bitcoin might be a way to protect his own interests rather than a simple value judgment. As a financial expert, he likely isn’t ignoring Bitcoin’s growing influence. We all know not to put all our eggs in one basket, so it’s entirely possible that he holds Bitcoin privately. In fact, U.S. Bitcoin ETFs have amassed over half of gold’s holdings within their first year, which might be a signal from the market.

As it was said, he is stubborn. So much so that it's highly unlikely he would change his mind up, and for what?
He already got it all, won the game  Grin
jr. member
Activity: 45
Merit: 1
No businessman is indifferent to profit, and Buffett is no exception. His disdain for Bitcoin might be a way to protect his own interests rather than a simple value judgment. As a financial expert, he likely isn’t ignoring Bitcoin’s growing influence. We all know not to put all our eggs in one basket, so it’s entirely possible that he holds Bitcoin privately. In fact, U.S. Bitcoin ETFs have amassed over half of gold’s holdings within their first year, which might be a signal from the market.
legendary
Activity: 3276
Merit: 2442
He doesn't buy what he doesn't understand, and he doesn't understand bitcoin.


It is as simple as this. And not everyone has to understand it. Some people will never do because of various reasons. Might be old age, health problems, other distractions in life or maybe they are simply not interested in crypto. Warren doesn’t understand crypto but owns companies (banks) that understand crypto unlike Buffett. People often ignore this fact. Just because he is not hodling crypto doesn’t mean he is not participating.

He doesn’t understand crypto but he also doesn’t like gold. He owned gold mining companies for a while though.

If it doesn’t have a balance sheet, it is not an option for WB.
jr. member
Activity: 15
Merit: 0
Let the old man keep stubborn with what he believed. Enough to hear him was always bashing Bitcoin and crypto. The last time I heard that he said, "Bitcoin doesn't produce anything".  This old man is even worse than Larry Fink.
thats all he has ever known. Born in 1930 under the ugly reality of the great depression, his generation was the one that kickstarted the "Federal reserve will lead us" cult  Grin
hero member
Activity: 1134
Merit: 535
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We all know Mr. Buffett is hater. He used to call Bitcoin a "scam" many times. But I believe people can change. We've seen people like Larry Fink, Michael Saylor, Donald Trump, Mark Cuban, and Robert Kiyosaki change their mind about Bitcoin. They hated it once, only to realize they were wrong.

Imagine what will happen if Warren Buffett goes all in BTC. Will his moves be enough to "pump" market prices all the way to Mars? Only time will tell.

Do you think Warren Buffett will buy BTC someday? Or will he stay a hater until the bitter end? Your input will be greatly appreciated. Thanks in advance. Smiley
We don't even care if he is going to change bise mind on Bitcoin investment or not because his opinion does not matter in the crypto market. The crypto market should be seen as an opportunity for us to make more money for ourselves rather than trying to see it has a way to impress the public. I don't think changing his opinion or perspective about Bitcoin could move the market even though he's a billionaire that has a little influence in the world. Their are other billionaires like him too that will never say anything good about the crypto market so we don't never think that his interest in Bitcoin will pave way for us to see more bullish momentum in the market influencing the price of Bitcoin.
sr. member
Activity: 1288
Merit: 231
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Change is constant and it seems you have already sum up the whole answer to this question in your above paragraph. You have mentioned the before haters of Bitcoin who later started to love Bitcoin and that's a good example of change. It's possible that buffett can later change his mind toward Bitcoin, no body knows, but who cares? I don't care, it's for his good and not mine.
Change is constant, but we should not always expect that from everyone, especially for an old business-minded person like Warren Buffett.
 
He is business-minded and at the same time very stubborn, and we should just forget about him changing from hating Bitcoin to prasing it. What will he gain from that? What he should be more focused on is how to handle his already existing wealth and not to add an extra headache to himself.
hero member
Activity: 882
Merit: 792
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We all know Mr. Buffett is hater. He used to call Bitcoin a "scam" many times. But I believe people can change. We've seen people like Larry Fink, Michael Saylor, Donald Trump, Mark Cuban, and Robert Kiyosaki change their mind about Bitcoin. They hated it once, only to realize they were wrong.

Imagine what will happen if Warren Buffett goes all in BTC. Will his moves be enough to "pump" market prices all the way to Mars? Only time will tell.

Do you think Warren Buffett will buy BTC someday? Or will he stay a hater until the bitter end? Your input will be greatly appreciated. Thanks in advance. Smiley
Do you really think that any of them have really changed? Look at Trump, do you think that one day he woke up and changed his mind? He does everything for his own personal benefits. A few days or weeks ago, Trump payed with Bitcoin but you know what? He had no idea how to pay and others payed for him. That accident proved that Trump has no idea about what is Bitcoin and how it works, he simply says lots of shit to attract votes, gain attention and increase wealth.

Bitcoin is still very small. Any rich person can mess it up but I hope they won't do it. I think that Warren Buffet is not a threat for us, he is not like Elon Musk, he is an old-fashioned old grandpa who will retire soon.
legendary
Activity: 2226
Merit: 1971
A Bitcoiner chooses. A slave obeys.
After everything he has said and done against Bitcoin, I think he would be too ashamed to publicly announce that Bitcoin is a good investment, unlike what he thought. I think if he did buy Bitcoin, he would probably keep it a secret.

Honestly, he probably owns Bitcoin. Even if he won't admit it himself.
legendary
Activity: 2660
Merit: 1074
Do you think Warren Buffett will buy BTC someday? Or will he stay a hater until the bitter end?
I agree with people who say we shouldn't care. While I understand the price would go up if he supported it, but by now his support would mean a lot less. Look at Elon Musk, he supports doge, and doge goes up, looks like a good thing, then it crashes and makes a bunch of people lose money, so it is not great.

We should be let ourselves do this, and not look up to anyone to do anything, if you are looking at warren then you are doing wrong. If he supported that would be nice, but when he is not supporting that doesn't drop the price neither, there are no people who are selling because warren doesn't support it, so that means we are not going to face any trouble about this at all, we should be used to it by now anyways.
copper member
Activity: 56
Merit: 1
Bitcoin is not that difficult to understand, if he takes the time to learn it, he will understand. Age is not an issue for him because he is a professional investor and he has advisors by his side, if he wants to learn about it there are thousands of ways. I believe he didn't like it because he didn't want others to get rich easily, he didn't want to share his wealth with others. I believe that is also why many billionaires have publicly expressed their dislike of bitcoin.

Also, they may publicly oppose bitcoin in the media but that doesn't mean they can't quietly invest in it. This is a financial game, the winner is the one who makes the most money, everything else is irrelevant. So I hardly believe anything other people say but instead I like to look at what they do. I wouldn't be surprised if one day people who claim to hate bitcoin end up owning large amounts of bitcoin.

He can just leave someone else in-charge of his BTC investments (a middleman or third-party). Bitcoin spot ETFs prove to be a great way to invest in the cryptocurrency without the need of any technical knowledge. What's stopping Warren Buffett from doing it? Maybe he's already investing in BTC under our noses. We can't know for sure.

Who needs him anyways? BTC can do fine with or without the support of the wealthy. If it has managed to get this far, it can achieve anything. I have a feeling Buffett's children and grandchildren will get involved in Bitcoin sooner or later. Just you wait and see. Cheesy

The grandad won't be able to sway the young mind, that's for sure, with such a rumble  Grin
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
Bitcoin is not that difficult to understand, if he takes the time to learn it, he will understand. Age is not an issue for him because he is a professional investor and he has advisors by his side, if he wants to learn about it there are thousands of ways. I believe he didn't like it because he didn't want others to get rich easily, he didn't want to share his wealth with others. I believe that is also why many billionaires have publicly expressed their dislike of bitcoin.

Also, they may publicly oppose bitcoin in the media but that doesn't mean they can't quietly invest in it. This is a financial game, the winner is the one who makes the most money, everything else is irrelevant. So I hardly believe anything other people say but instead I like to look at what they do. I wouldn't be surprised if one day people who claim to hate bitcoin end up owning large amounts of bitcoin.

He can just leave someone else in-charge of his BTC investments (a middleman or third-party). Bitcoin spot ETFs prove to be a great way to invest in the cryptocurrency without the need of any technical knowledge. What's stopping Warren Buffett from doing it? Maybe he's already investing in BTC under our noses. We can't know for sure.

Who needs him anyways? BTC can do fine with or without the support of the wealthy. If it has managed to get this far, it can achieve anything. I have a feeling Buffett's children and grandchildren will get involved in Bitcoin sooner or later. Just you wait and see. Cheesy
sr. member
Activity: 504
Merit: 266
We can have other billionaires invest in bitcoin. Why would we still hope Buffett to turn things around from being a bitcoin hater to a bitcoin lover?

Let the old man keep stubborn with what he believed. Enough to hear him was always bashing Bitcoin and crypto. The last time I heard that he said, "Bitcoin doesn't produce anything".  This old man is even worse than Larry Fink.

That's how a Bitcoin hater can turn into a Bitcoin lover. Donald Trump was once a Bitcoin hater but has now become a Bitcoin lover in the political context. But it's not the same for everyone but it's different for Warren Buffett because he's a realist and I think it's foolish to be confident that he'll love Bitcoin at the end of his life. A 95-year-old entrepreneur has never loved Bitcoin, so we can't believe we'll get Bitcoin support from Warren Buffett. If Bitcoin gets the support of another famous entrepreneur, but if it is not supported, there will be no global change in Bitcoin.
legendary
Activity: 2758
Merit: 1228
Change is constant and it seems you have already sum up the whole answer to this question in your above paragraph. You have mentioned the before haters of Bitcoin who later started to love Bitcoin and that's a good example of change. It's possible that buffett can later change his mind toward Bitcoin, no body knows, but who cares? I don't care, it's for his good and not mine.
No one will ever know unless he's going to broadcast it anytime soon. But it's true that everyone can change and these people that have been disliking Bitcoin has always the chance for them to change their minds and take those criticisms about it to be forgotten. Everyone quickly forgottens when the favor turns into them. And just like what's with the examples, WB prolly have already bought some.

He's in for the money and he can easily say that he doesn't like it because he don't understand it. But he follows where the money is going. He can say that it's a fad, a trend, a bubble that's about to burst soon. Still, that won't change the fact that he might have been doing things secretly that no one knows and he's in accumulation, I hope that thought turns right soon.

If he finally goes into Bitcoin, I believe he will definitely talked about it just like every other before haters are not beginning to talk good about it. Yeah, he is in for the profit and if he archives it any time he decides to go into it, he might not speak about it, it's not certain what he will do.

Well what to expect? He know his words is so powerful so provably he would take advantage to create hype since that will be so beneficial for him in long run. But I don't think there's change of decision towards that since maybe he's currently fine with his stocks investment and don't want to go for other thing that maybe could create a conflict.

If he still hate bitcoin then let's respect his decision since after all we are still benefiting from this coin and their statement doesn't change anything since bitcoin remain as strong currency despite of those negative allegation posted against this coin.
jr. member
Activity: 70
Merit: 1
We can have other billionaires invest in bitcoin. Why would we still hope Buffett to turn things around from being a bitcoin hater to a bitcoin lover?

Let the old man keep stubborn with what he believed. Enough to hear him was always bashing Bitcoin and crypto. The last time I heard that he said, "Bitcoin doesn't produce anything".  This old man is even worse than Larry Fink.

Didn't hear about Larry Fink, need to check what others like Warren would say about the "wizardry" of BTC  Grin
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