I have to admit, sometimes I wonder, "Who am I to think Bitcoin has value?" When there's Warren Buffet - an insider on money, value, business and trading with decades of experience - who says the opposite?
Many Bitcoiners say, "I really respect the guy, except his views on Bitcoin."
But isn't that just wishful thinking, that Warren Buffet - who must have been right about a lot of things in his life, given his wealth - will be wrong about this one thing that we happen to love and want to succeed?
Does he really not get it? Or do we not get it?
Or does he know all too well, but needs to protect himself and his investments?
Is the value we see in Bitcoin really a generational thing that he simply cannot relate to? Something that goes way beyond money, but is much more about freedom of speech and self-sovereignty?
Or is he tired of changing his ways, accepting new ideas, because his old ones have served him all his life and continue to serve him right now? Does he really have an incentive to care about Bitcoin?
I don't think so. Even with a market collapse, he'd still be one of the richest people in the world. He can totally miss out on the crypto boom from a money perspective.
My guess is he simply has better things to do and more enjoyable things to think about. That's it.
I do find it sad that he still puts Bitcoin in the same bucket as Ponzi schemes and Money Laundering. But, oh well.
I did have to chuckle when he said "shorting suitcases" would be a good idea. He's probably right 😁 Though I do believe Bitcoin has more economic value than just that ;)
About the author:
|Anja Schuetz helps absolute beginners to become confident crypto investors. She is the author of How To Stay Safe in the Crypto Space and offers Free Bitcoin Education For Beginners on her website.|