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RE: WARREN BUFFETT’S CONFLICTING VIEWS TOWARDS BITCOIN

in #bitcoin6 years ago

I do not believe that Warren Buffet has expressed a conflicting viewpoint regarding cryptocurrencies. He believes that they have no intrinsic value unlike stocks or owning real estate. He is old-fashioned, conservative, and extremely intelligent. In order to succeed in cryptocurrencies, he says that the next person needs to pay more than what you paid to ultimately turn a profit. It is extremely volatile derived from speculation. Conversely, high risk can sometimes lead to high rewards and that is what I am betting on.

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