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RE: Buffett: "I Would Buy A Five-Year Put On Every Cryptocurrency"

in #bitcoin7 years ago

Buffet's intent is to keep mom and pop on the Wall Street plantation.

*Wall Street IPOs are leftovers, picked clean by VCs, investment banks and insiders, who get 1000x returns while mom and pop get 5% stalk returns.

*mom and pop are locked into a single exchange and forced to pay huge bid/ask spread to market makers/ brokers.

*mom and pop can't xfer their shares, take possession of them, or trade on foreign exchanges. Wall Street IS a plantation run by...

the Grandpa Buffet evil POS elites.

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