"Bitcoin is NOT an investment" Warren Buffet

In short Warren said that
"if an asset is not producing something then it is a bad investment
If Bitcoin gets banned from trading tomorrow, it is over but if trading land gets banned you can still "physically" show up and buy it on spot"

He clearly depict bitcoin as a non "physical" asset which it is but to say that bitcoin is not a producing asset is incorrect because bitcoin produces "blocks" and if it gets banned from trading tomorrow then you can still mine it and send it around just fine because bitcoin's native environment is the "internet" therefore it can't be traded on the phisical ground

He sounded kinda irritated by it to the point he didn' t even want to spit out the name bitcoin

I believe Warren is a very intelligent man that is somehow feeling threatened by a "nonphysical" entity which is just silly of him... (wink, wink)

Really though, he got me worrisome myself but for different reasons I mean I never seen rich, powerful people get so irritated and annoyed by such a tiny little element on the INTERNET...

At the same time I feel like they are working on banning the real thing which will only increase bitcoin power even though it will not in the short term...

Exciting and scary but more exciting...

Times are changing...

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