SORRY WARREN BUFFETT BUT YOU ARE NOT A CRYPTO EXPERT

in #cryptocurrency6 years ago

Sorry, Warren Buffett and Charlie Munger, the leaders of the behemoth Berkshire Hathaway. You may pick stocks well, but Bitcoin and blockchain are a totally different type of "investment."
warren.jpg
image is taken from : www.kepplertalks.com
If you didn't hear, Buffett called Bitcoin,"rat poison squared." But really, it doesn't matter much what he thinks...there are different strategies of investing, even by other massive hedge funds, that Buffett doesn't care for. In addition, he said that he didn't look hard enough at Amazon and Google. For a while, he refused to invest in any "tech" company that was "virtual." So, his strategy may work for him, and that's fine, but there is no need to worry.

There is plenty of other smart money, especially, tech-based money that is very bullish on cryptocurrencies. Also, most people aren't sitting on billions, where 20% per year is a ton of money. If Buffett puts money in a stock, it goes up almost inherently because people follow his moves.

People in crypto are turning numbers like $10k into millions. We are talking about an opportunity that is very rare and unique that one could never pull off with a Buffett type strategy. If there is anything we can take from him, it is to put money into things of value, which potentially could be translated as putting money into cryptos that actually have value, are solving a problem, have a real team, and so forth. Since he probably hasn't even researched them, he may not see them as valuable, but we and many others obviously do.

The market is at a bit of a stalemate right now, but appears that it may be poising for another push upwards. There was a slight correction after BTC hit just under $10k and ETH passed $800. There was some FUD about regulations as well as a normal market correction. And since now everything is correcting which i would call a healthy correction crypto market will rise to its real potential.
I have alot of respect and love for Warren Buffett but he missed out some great tech investment opportunity and as per him something he dont understand he does not invest in that .
Bitcoin is not for him and thats all crypto currency is beyond his knowledge period.

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Putting FUD as their own companies slowly acquire stakes on cryptocurrency startups, at the end these guys are just old folks who salivate for more money, well not until their poor health got the best of their predictions... agree?

Totally agree my friend.

correct.
let us keep our eyes open with the developments.

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