Warren Buffet - "Rat Poison Squared"

in #bitcoin6 years ago

If you missed it yesterday here it is today - according to Warren Buffet, arguably one of the most profitable investors of all time, Bitcoin is "rat poison squared". And of course the right hand of Buffet Charlie Munger is on the same page regarding cryptocurrencies, Munger said that crypto's are just a "dementia"

The big criticism from Buffet is that Bitcoin is like Gold and it doesn't offer returns (like stocks, bonds etc). He even made a joke on the subject

if you had bought gold at the time of Christ and you figure the compound rate on it, it's a couple tenths of a percent.

On side note we should say that Buffet is bearish on Bitcoin since 2014 when BTC was at 600$. We all know that bitcoin has very prominent opponents but that haven't slowed its exponential growth even a bit !

The video above tells us the story in full ! Obviously Buffet isn't too familiar with the whole blockchain concept and how much people are sick of the financial system. Well rat poison squared really made me laugh and I am certainly not angry at these guys for their opinion - everyone can say whatever they feel like.

What do you think for this statement from Buffet ? How would you respond to his "accusations".

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Don't worry, he'll wish he was on the bandwagon someday. :)

its his retirement time

Verry good
Plis vote me😑

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