Warren Buffett buying Bitcoin...A possibility?

fuguebtc

hero member

Activity: 1960

Merit: 537

Leading Crypto Sports Betting & Casino Platform

Quote from: Taskford on November 03, 2024, 04:51:45 AM

If I am Warren Buffet I would never made my acquisition secret since that is bad for my investment. I will use my influence to contribute to the growth of what I am venturing since somehow this will create huge profit for me. Also Buffet is smart investor so provably that those assumptions you have won't gonna happen since the guy seems want everything to be in favor on his side. But I think he won't go on Bitcoin anymore due to his age since maybe he know that he might be at lose if he invest with bitcoin at current situation.

But let see if there would be a change of thoughts and somehow see bitcoin as valuable asset also an investment.

After all, bitcoin is still a riskier investment than the ones he's making . So even if he had invested in it, making that investment public would not be a wise idea and would not benefit him in any way as you say, IMO. If bitcoin is dumped, his investment will suffer a serious loss, which directly affects his reputation . Not to mention , it will be difficult to avoid criticism or blame from those who invest from his advice.

We have no evidence to confirm that he does not invest in bitcoin, but given his position and reputation, it is completely understandable that he does not disclose it . It would be unwise to give investment advice on high-risk and volatile assets, especially when he is a well-known figure in the financial world. We are talking billions of dollars in investment, not thousands of dollars.

Taskford

hero member

Activity: 2520

Merit: 783

Quote from: LDL on November 02, 2024, 05:46:59 PM

Quote from: goldkingcoiner on October 31, 2024, 11:56:35 AM

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.

Yes it is also possible that he bought bitcoins but keep it top secret and keep it to himself. We know that he is a very realistic person and he never does what he doesn't like to do. Everyone knows Warren Buffett is anti-Bitcoin so he can't invest in Bitcoin even if he wants to. So if he invests in Bitcoin at the last moment of his life, then he must keep it a secret and don't let anyone know. It's amazing to believe that a 90-year-old would invest in Bitcoin at the end of his life. So from this point of view it can be said that he may not invest in Bitcoin love in life. Because after 90 years of anti-Bitcoin he won't believe in Bitcoin for the next few years.

If I am Warren Buffet I would never made my acquisition secret since that is bad for my investment. I will use my influence to contribute to the growth of what I am venturing since somehow this will create huge profit for me. Also Buffet is smart investor so provably that those assumptions you have won't gonna happen since the guy seems want everything to be in favor on his side. But I think he won't go on Bitcoin anymore due to his age since maybe he know that he might be at lose if he invest with bitcoin at current situation.

But let see if there would be a change of thoughts and somehow see bitcoin as valuable asset also an investment.

LDL

hero member

Activity: 742

Merit: 671

Quote from: goldkingcoiner on October 31, 2024, 11:56:35 AM

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.

Yes it is also possible that he bought bitcoins but keep it top secret and keep it to himself. We know that he is a very realistic person and he never does what he doesn't like to do. Everyone knows Warren Buffett is anti-Bitcoin so he can't invest in Bitcoin even if he wants to. So if he invests in Bitcoin at the last moment of his life, then he must keep it a secret and don't let anyone know. It's amazing to believe that a 90-year-old would invest in Bitcoin at the end of his life. So from this point of view it can be said that he may not invest in Bitcoin love in life. Because after 90 years of anti-Bitcoin he won't believe in Bitcoin for the next few years.

o48o

legendary

Activity: 3052

Merit: 1168

Leading Crypto Sports Betting & Casino Platform

Quote from: Jawhead999 on October 29, 2024, 09:15:17 AM

-cut-
Bitcoin market cap 1.4 Trillion.
Bitcoin price $71.6K
Circulating supply 19.7 Million.

Even he use all of his money to invest in Bitcoin, it only make the Bitcoin market cap become 1.54 Trillion and the price would be $78.1K.

It's not much, remember Bitcoin market cap is already very high now, it's not something that can be easily manipulated by rich people.

That's not how the math works with that. Significant amount of money could be wiped out or added to the market cap with a fraction of his money, because sell and buy walls are volatile too, if buy / sell walls are thin, you don't need much to move the price and the market cap. That could also trigger either a panic sale or FOMO with rest of the market participants.

And what it comes to question of OP, Buffet hasn't got enough time in his life to get interested about this. And not in any way would he go "all in". He has some sense of responsibility not to liquidate his assets for something so speculative and cause harm to all the companies that might get hostile takeovers because of sudden huge stock dumping.

Don Pedro Dinero

legendary

Activity: 1358

Merit: 1565

The first decentralized crypto betting platform

Quote from: mindrust on October 28, 2024, 02:05:11 PM

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.

Odohu

hero member

Activity: 546

Merit: 516

Quote from: AsiaHODL on October 28, 2024, 01:48:04 PM

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.

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Quote from: goldkingcoiner on October 31, 2024, 11:56:35 AM

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

FortuneFollower

copper member

Activity: 168

Merit: 4

Quote from: Iranus on November 01, 2024, 06:51:32 AM

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.

Iranus

hero member

Activity: 1792

Merit: 534

Leading Crypto Sports Betting & Casino Platform

Quote from: Synchronice on October 31, 2024, 12:35:28 PM

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.

Quote from: Synchronice on October 31, 2024, 12:35:28 PM

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.

FortuneFollower

copper member

Activity: 168

Merit: 4

Quote from: STINKYBEE on November 01, 2024, 12:21:43 AM

Quote from: asriloni on October 31, 2024, 06:41:59 AM

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.

?

Activity: -

Merit: -

Quote from: UTON Blockchain on November 01, 2024, 01:20:28 AM

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

UTON Blockchain

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.

mindrust

legendary

Activity: 3276

Merit: 2442

Quote from: Mushai on October 30, 2024, 06:14:21 AM

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.

STINKYBEE

jr. member

Activity: 15

Merit: 0

Quote from: asriloni on October 31, 2024, 06:41:59 AM

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

Wakate

hero member

Activity: 1176

Merit: 543

fillippone - Winner contest Pizza 2022

Quote from: Abiky on October 28, 2024, 01:44:39 PM

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.

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.

Ever-young

sr. member

Activity: 1288

Merit: 231

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: Dr.Bitcoin_Strange on October 30, 2024, 01:58:35 PM

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.

Synchronice

hero member

Activity: 882

Merit: 792

Watch Bitcoin Documentary - https://t.ly/v0Nim

Quote from: Abiky on October 28, 2024, 01:44:39 PM

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.

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.

goldkingcoiner

legendary

Activity: 2240

Merit: 1993

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.

jaberwock

legendary

Activity: 2660

Merit: 1074

Quote from: Abiky on October 28, 2024, 01:44:39 PM

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.

betswift

copper member

Activity: 56

Merit: 1

Quote from: Abiky on October 31, 2024, 09:41:48 AM

Quote from: BALIK on October 29, 2024, 10:19:28 PM

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

Topic: Warren Buffett buying Bitcoin...A possibility? (Read 913 times)