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Topic: Warren Buffett says Bitcoin cannot be valued - please do your own research (Read 210 times)

sr. member
Activity: 868
Merit: 266
Sorry Buffett, but Bitcoin DOES have value.

21 Million supply cap.

Used as a safe-haven for countries who irresistibly hyper-inflate their currency by mass printing.

increased transaction volume = increased intrinsic value.

please do your own research before listening to the talking heads.  Cool
He still doesn't understand how the whole thing works, since they is a fixed amount of bitcoins in the system there is no way that its going to get overvalued in the process. I thought he was not going to talk about bitcoins anymore.
full member
Activity: 294
Merit: 104
✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪
Sorry Buffett, but Bitcoin DOES have value.

21 Million supply cap.

Used as a safe-haven for countries who irresistibly hyper-inflate their currency by mass printing.

increased transaction volume = increased intrinsic value.

please do your own research before listening to the talking heads.  Cool

It is the same as saying that his wealth is just a perception. We could very well say that Mr Buffett is a beggar.
member
Activity: 378
Merit: 10
Warren Buffett biggest regret: Not investing in this technology giant!
Warren Buffett: I was wrong on Google and 'too dumb' to appreciate Amazon

so Warren Buffet decisions are wrong and his assumption upcoming descriptive technology. like bitcoin blockchain he is not in a position to see growth and digest growth
member
Activity: 179
Merit: 16
If you listen to him talking about Bitcoin, it's patently clear that he's either being faux-naif to mislead people or he really is quite ignorant on the subject which I personally believe he is. Just take a look at BH website and it will tell you all you need to know about Buffett, the technophobe.
sr. member
Activity: 1344
Merit: 295
Sorry Buffett, but Bitcoin DOES have value.

21 Million supply cap.

Used as a safe-haven for countries who irresistibly hyper-inflate their currency by mass printing.

increased transaction volume = increased intrinsic value.

please do your own research before listening to the talking heads.  Cool
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