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RE: Network Effects - The Key to Unlocking 1000x Returns | Q&A #14 ft Cedric Dahl

in #cryptocurrency6 years ago

Great collaboration guys, such a refreshing piece of content. As far as Warren Buffett not liking and not investing in Bitcoin and cryptocurrency, it doesn't really surprise me given his investment practices and principles that he has employed throughout his career. He has admitted on numerous occasions that he has a limited level of understanding of tech based companies and therefore has rarely invested in such arenas. He is also a person who invests in traditional business models, Cryptocurrencies are a totally foreign world to him. Remember Warren Buffet also never saw Jeff Bezos and Amazon ever overtaking his net worth either. Great video guys!

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Buffett is irrelevant, he doesn't even invest in TECH (only recently breaking his norm by investing in Apple). Besides, someone like him is not a good indicator...i.e. someone that is already filthy rich from old school investments/principles. Why should he risk investing in crypto? he doesn't need to.

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