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RE: Age Of Abundance: Benefits Of Early Adoption

in #steem6 years ago (edited)

That's a great interview. But Buffet doesn't like tech companies, never has, and he would be even less inclined to touch any blockchain project particularly at the stage they are in now. Why? Because there is no way to evaluate any token based on any hard facts and established business models. Cryptocurrency valuations are nearly completely driven by speculation and sentiment at present.

That's fine by me because I haven't invested anything I cannot afford to lose and because the upside is still stupefyingly large. For example, if the market cap of Steem reached $500B which was the market cap of Facebook before the recent crash, the price of Steem would be roughly 1,600 times greater than now. That alone would make me a multi-millionaire. So, with all the technological developments in the crypto space it makes sense for me to wait and see and not care too much about any of the short-term price action.

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