Warren Buffett buying Bitcoin...A possibility? - page 4.

m2017

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Quote from: Abiky on October 28, 2024, 02:44:39 PM

We all know Mr. Buffett is hater. He used to call Bitcoin a "scam" many times. But I believe people can change.

There is a 50/50 chance that this will happen. Either it will happen or it won't.

Quote from: Abiky on October 28, 2024, 02:44:39 PM

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.

No, not at all. They realized that they can make money.

Or use it as a political tool to influence voters.

I have 2 thoughts:
- Buffett is quite old and therefore conservative and far from the world of technology. These moments may be factors that don't allow Buffett to change his mind about bitcoin (he just may not understand what it is and how it works).
- We didn't look into Buffett's pocket and it may be that he already "quietly" owns BTC.

Quote from: Abiky on October 28, 2024, 02:44:39 PM

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.

Of course, his actions will have a positive impact on the cryptomarket (and also on his fund). Many investors (including institutional ones) will follow his example.

Quote from: Abiky on October 28, 2024, 02:44:39 PM

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.

I have no idea what other people can do.

mindrust

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Quote from: AsiaHODL on October 28, 2024, 03:57:06 PM

Quote from: mindrust on October 28, 2024, 03:05:11 PM

Peter Schiff hates bitcoin but he accepts btc for his gold which is pretty weird. Don't trust these snakes.

Lol, yes he really is a conniving snake oil salesman, who really has been acting quite disgracefully. The irony is that he is 99,9% of the way to becoming a bitcoiner. He's sooooo close, yet so far...

The day he becomes a bitcoiner will probably be the day that bitcoin dies. So I’d rather have him hating on bitcoin forever. He hates bitcoin, it goes higher, he hates more, it goes even higher. Eventually he will go crazy and drown in his hate but somehow I don’t want that neither. I want him to continue doing what he does the way he is doing right now forever so bitcoin will keep mooning forever.

Warren on the other hand only speaks when someone asks about bitcoin so people don’t hate him as much as they hate Schiff which is the smarter thing to do. Peter talks about bitcoin all they every day will that man ever shut up?

Franctoshi

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Quote from: Abiky on October 28, 2024, 02:44:39 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.

People do change their minds when they finally realized that their views about something is wrong, especially something pertaining investment assets that can yield profits, when they notice people are making profits as supposed getting scammed and the system proven to be reliable over a period of time, and in the case of Bitcoin ,it has been tested and trusted, Therefore, expect more people and Billionaires like Warren Buffett to change their mind and invest into Bitcoin, This is why retail investors like you and I need to take advantage of this early information we've got and position ourselves Before the Billionaires get in and buy up the Bitcoins available, as Bitcoin is a limited asset.

ChiBitCTy

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Personally I could care less. If anyone has closely paid attention to what Warren Buffet has said about bitcoin, you'd notice that he's just breathing worthless hot air. He's admitted on several occasions that he has absolutely no idea how bitcoin works, but yet continues to talk shit about it, which make him ignorant. Nothing more ignorant that talking down about something that you don't even remotely understand. Guy doesn't understand tech what so ever, not just bitcoin.

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Quote from: HelliumZ on October 28, 2024, 07:08:35 PM

Warren Buffett, Born on 30th August 1930 i.e. he is 94 years old according to calculations. Having spent most of his life hating Bitcoin, I don't think Warren Edward Buffet will spend the rest of his life loving Bitcoin.

Most of his life? Math is really your strong point, isn't it?
For 79 years of his life, Bitcoin didn't even exist, most of the crypto owners in 3rd world countries don't even have the chance to live that long with Bitcoin by their side!

Anyhow love how coiners are so fixated on people who don't like crypto and allow them to live rent-free in their minds forever, what do you care what other people do with their money? Isn't this about freedom? Besides, if Buffett or Microsoft don't buy doesn't this mean more cheap coins for us?

Nothingtodo

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If Warren Buffett had the will to invest in Bitcoin, he would have invested in Bitcoin a long time ago. If older people invest in Bitcoin, maybe many people would have expressed interest in investing in Bitcoin at their old age.

Jawhead999

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Quote from: AVE5 on October 29, 2024, 06:33:58 AM

Warren Buffett's net worth is $144.9 billion which made him seated among the top global wealthiest entrepreneurs. To my best of knowledge, such worth of Warren being invested on bitcoin can only prompt a skyrocket but can't take the price of bitcoin to a limit of max value but aproaching to the mars is feasible though. 😁

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.

AVE5

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Quote from: Abiky on October 28, 2024, 02:44:39 PM

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.

Warren Buffett's net worth is $144.9 billion which made him seated among the top global wealthiest entrepreneurs. To my best of knowledge, such worth of Warren being invested on bitcoin can only prompt a skyrocket but can't take the price of bitcoin to a limit of max value but aproaching to the mars is feasible though. 😁

Quote from: Abiky on October 28, 2024, 02:44:39 PM

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.

Bitcoin enthusiasts has known him of sabotaging bitcoin based on his blind believe of bitcoin being a scamming invention. Sincerely I don't know his future decision on bitcoin because it isn't expected that everyone or the top notch global billionaires must adopt bitcoin likewise you all don't know that I'll be into this bitcoin community, so also we can't determine individual decisions following bitcoin adoption.

Roseline492

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Quote from: Abiky on October 28, 2024, 02:44:39 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.

A very successful and wealthy businessman as Warren Buffett will certainly have a significant influence on so many prominent men like him about Bitcoin, so changing his mind about Bitcoin will certainly impact greatly to Bitcoin adoption because if he changes his mind about Bitcoin that's how others will also accept it, but the only area that's getting me skeptical about the chance for him to accept Bitcoin is that if is something he would have considered he could have done it a long time ago considering the fact that so many others like him who thought at first that Bitcoin was not good have come to the realization that Bitcoin is a good investment but still he did not change his mind, so for that reason I don't think he would accept it later on.

avp2306

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Quote from: Abiky on October 28, 2024, 02:44:39 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.

I guess its normal for people to hate something that they didn't understand at first especially if they have some interest to protect. But for sure later on Warren Buffet would able to realize that Bitcoin is worthy asset and its not all about investment with this coin since there so many things to use it.

The current market cap accumulated by bitcoin and the whole ecosystem would provably change the mind of those skeptical people. Sine instead of hating it for sure that there would be time that these guy including this iconic name would provably show up some interest to participate on investing on bitcoin. Warren Buffet is well known risk taker so provably that maybe in future they compete with other institution to invest with bitcoin.

betswift

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Quote from: Woodie on October 29, 2024, 03:35:16 AM

"Warren Buffett" Can't happen, the man literally called bitcoin a scam or was it a ponzi scheme some few years back Roll Eyes

because everyone took it as an asset that will not see success in its digital life and cant compete with the likes of gold(XAU), but hey Bitcoin has gone mainstream and doing very fine & the rest is history Cool

Btw, these Billionaire guys should not be taken for their word because they usually don't do the investing themselves, they have portfolio managers and the alike and could have a stake in crypto as a diversification mechanism of investment to avoid putting everything in one basket 🧺.

Totally agree.
And what stops him from doing it silently, bragging about it?
He can afford it Grin

Russlenat

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It would be significant for the Bitcoin space if he does indeed invest as this man is among the top 10 richest in the world, with nearly $150 billion in net worth as of this year. Even if he invests just a portion of his wealth, it would likely lead to a more bullish price for Bitcoin. Additionally, just the knowledge that he’s invested would create hype, especially during a bullish season.

Currently, there’s no proof that he has invested; based on my knowledge, his stance is that he doesn’t invest in speculative assets, and he considers Bitcoin to be one of those. However, we should remain optimistic that one day he might change his stance, as many investors who once criticized Bitcoin have now become significant holders. To name a few, we have...

[1] Larry Fink of BlackRock,

Quote from: https://cointelegraph.com/news/blackrock-larry-fink-calls-bitcoin-digital-gold

During a recent CNBC interview, the CEO of BlackRock, Larry Fink, said he was “wrong” about Bitcoin before calling the decentralized asset “digital gold” and a “legitimate” financial instrument.

The head of the $10.6-trillion asset management firm told CNBC’s Jim Cramer, “I was a skeptic, a proud skeptic,” before studying the nascent asset and changing his mind about Bitcoin

[2] Michael Saylor

Quote

https://cointelegraph.com/news/blackrock-larry-fink-calls-bitcoin-digital-gold]
Back in 2013, Michael Saylor, CEO of business intelligence giant MicroStrategy, posted a tweet against Bitcoin , forecasting a grim future for the asset. Fast-forward to 2020, during which Saylor's company now holds a major bullish position in BTC.

[3] Elon Musk

Quote from: https://www.newscientist.com/article/2277577-why-have-elon-musk-and-tesla-suddenly-turned-against-bitcoin/

Elon Musk has performed a sudden U-turn on bitcoin over concerns about its energy usage, and says his electric car firm Tesla will no longer accept the cryptocurrency as payment – but will his decision have an impact, and could Tesla turn to an alternative currency?

Zlantann

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Quote from: Abiky on October 28, 2024, 02:44:39 PM

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.

It is better for Bitcoin to gradually gain acceptance among small investors than for a single individual to buy a large amount. People like Warren Buffett investing in Bitcoin could lead to an increase in the price but if he dumps the price will also drop. But his involvement could attract more sceptics like him to Buy Bitcoin which could will not also be bad for Bitcoin. I read that his company Berkshire Hathaway is heavily invested in Brazilian fintech Nu Holdings Ltd and the bank is crypto-friendly. This shows that he is indirectly investing in cryptocurrencies.

https://finance.yahoo.com/news/despite-warren-buffetts-warnings-calling-163606336.html

Minor Miner

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Honestly, I don't like it when we keep making assumptions that this person or that person, this institution or that institution investing in bitcoin will make the price of bitcoin go up. Bitcoin does not depend on anyone, so don't try to attribute bitcoin's growth to any famous name because bitcoin can still grow without them. If they invest in bitcoin, they are the ones who will benefit, not that they will bring much benefit to bitcoin.

Personally, I don't care if Microsoft or Buffett invest in bitcoin because bitcoin can still grow for years without them. If they invest in it then it is for their benefit, we do not benefit, instead we should focus on accumulating as much bitcoin as possible before they buy all our bitcoins.
Also, as we all know Warren Buffett has been publicly criticizing bitcoin for years, why would we expect such a person to invest in bitcoin and think that will make bitcoin better?

Woodie

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"Warren Buffett" Can't happen, the man literally called bitcoin a scam or was it a ponzi scheme some few years back Roll Eyes

because everyone took it as an asset that will not see success in its digital life and cant compete with the likes of gold(XAU), but hey Bitcoin has gone mainstream and doing very fine & the rest is history Cool

Btw, these Billionaire guys should not be taken for their word because they usually don't do the investing themselves, they have portfolio managers and the alike and could have a stake in crypto as a diversification mechanism of investment to avoid putting everything in one basket 🧺.

fikrett

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Quote from: Majestic-milf on October 29, 2024, 03:14:09 AM

Well, it would be epic if someone like Warren Buffett finally purchases Bitcoin for personal purposes because if there has been anyone who has been so vocal in his staunch hatred for Bitcoin, it is him so just as when these big whales buy Bitcoin and it affects price I believe his will too because I don't think he'd want to purchase a small amount.
On another hand, it's quite unlikely for someone who views the digital coin as a virus to just indulge in it even though the Op mentioned individuals who where haters but later turned before him but compared to Warren Buffett, these other guys are saints.

And Buffet is not a politician to do it to sway the minds of people - he does need to dig into it and the pluses should outweigh the other factors for him.
And he can just do it silently, while still putting a 'scam' sign on BTC Grin

That would be the funniest scenario.

FortuneFollower

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Quote from: jcojci on October 28, 2024, 09:57:44 PM

I guess Mr. Buffett already buy Bitcoin even if he said Bitcoin a "scam." He doesn't need to tell public that "Guys, I buy Bitcoin, follow me" but he can hide that he interest with Bitcoin. But he may not buy Bitcoin because he hate Bitcoin.

It could be possible if Warren Buffett buy Bitcoin makes the pump coming and increase so high. Yes, only time will tell. Bitcoin journey still a long way to go.

Who doesn't want to have more wealthy from many sources of income including from Bitcoin? I am sure he wants it. So we better wait for that while we prepare ourselves for the coming.

With time, the pros outweigh the so-called "cons" of BTC in people's minds, and you are right - why shout about it, when it can be done calmly for and by yourself?

Majestic-milf

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Well, it would be epic if someone like Warren Buffett finally purchases Bitcoin for personal purposes because if there has been anyone who has been so vocal in his staunch hatred for Bitcoin, it is him so just as when these big whales buy Bitcoin and it affects price I believe his will too because I don't think he'd want to purchase a small amount.
On another hand, it's quite unlikely for someone who views the digital coin as a virus to just indulge in it even though the Op mentioned individuals who where haters but later turned before him but compared to Warren Buffett, these other guys are saints.

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Quote from: Oshosondy on October 28, 2024, 03:25:21 PM

Quote from: Abiky on October 28, 2024, 02:44:39 PM

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.

Not all the way to Mars but all the way to Moon. Also I thought that you posted about Warren Buffett bought bitcoin but your post is just a question about if Warren Buffett will buy bitcoin. Who cares if he buys bitcoin or not. Bitcoin does not depend on a single person.

Know that Buffet will not buy bitcoin. He is already very old. He is 94 years old and he has the old men mentality. Traditional market was reigning in his time and that is what he believes in.

The man is very old and I doubt that he can change his mentality about Bitcoin now, however the valuable asset is being adopted everyday by younger people. One day when he passes on, who's to tell if his inheritors won't adopt Bitcoin and change the naretive of his perception. I believe that Bitcoin is mainly for the younger generations who understands more about decentralization that brings about privacy and freedom, something that these older generation don't understand. If Warren Buffett, were to change his mind today and directly owns Bitcoin, it'll impact on the price for the short term and I believe that after then it'll be business as usual for Bitcoin. Bitcoin has gained reputation and become a store of value without him and others with skeptical mindsets.

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Quote from: Abiky on October 28, 2024, 02:44:39 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.

Warren Buffett has been greatly known to be a value investor, and he's different from other successful businessmen out there.
I still remember when he invested in Coca-Cola a few decades ago. He said that he sees value in it hence, he invested millions of dollars back then. Now he's getting dividends way more than his initial investment. He's investing based on the value, and not just because many are investing into it.

Buffett don't see any value with Bitcoin hence, I don't see him investing into it AT ALL. Of course like you said, anybody can change like the ones you said, but for Buffett, he can change anytime, but what are the chances? I don't think that his stance with how he sees Bitcoin will change. Maybe if he sees Bitcoin reaching $100,000 then that's the time where he will change his view about it and then who knows. He might invest into it, but right now, I don't see him doing it.

Will the market pump if he suddenly change sides and invests into Bitcoin? Nah, I don't think so... or maybe we will see a temporary pump and then the market will go back to normal.

Topic: Warren Buffett buying Bitcoin...A possibility? - page 4. (Read 812 times)