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RE: Why Warren Buffet Doesn't Understand Cryptocurrency
How I see it, either:
1.) He is not as knowledgeable in fundamental analysis, as it seems, and more especially when it comes to cryptocurrency.
OR
2.) He knows exactly what he's doing, and there's a conspiracy to destroy cryptocurrency.
As I observe his actions, colleagues, and political history, I tend to lean toward the second explanation..
That's my take on it. Thanks for sharing.
— NP
Thanks for your comment!
By definition, fundamental analysis is something that is applied to assets that are derived from corporate or national entities. It is those underlying entities which are analyzed, not the derivatives/securities themselves, which are just paper representations of underlying legal fictions like corporations. Since open, decentralized cryptocurrencies are not derived in this way, being decentralized and ownerless, they are by definition not amenable to this form of analysis.