While the entire world is running after bitcoin, billionaire Warren Buffett has said that he would not pay $25 for bitcoin, even if he was offered all the bitcoins in the world. His argument is that “it is not a productive investment”. I think he is trying to fool us. What other investment is productive then?
Does it sound even logical, or will he reject bitcoin at $25? I suggest you Mr. Buffet if someone offers you Bitcoin at $25, inform me. I will pay you 100% premium just for reffering me to the seller.
In fact, I absolutely disagree with Warren Buffett. I respect him because of his experience in finance and the money he earns, but this is something people think about and what he tries to make people believe. He understands things only from his own perspective or trying to tell us "he knows it all."
No matter how good he is in financial matters, not everyone will like it or agree with his opinion. I know Bitcoin has been going up and down over the years, but eventually it bounces back and touches new ground. Does Warren even know that in some places they accept it as payment, as far as I know? I don’t have enough bitcoins, but who knows, I might buy it today when it’s available at a reasonably lower price and it might change my luck in the future.
To counter his argument, I own several other cryptocurrencies like bitcoin cash, Litecoin, and hive, each of which have substantial investments, or I have earned them in other ways. I know these are all going down, but I see this as an opportunity to buy more. So I see this as an opportunity to buy more of these. Now it’s your turn to decide whether to listen to Warren Buffett or make your own decision.
I don’t think anyone is going to listen to Warren Buffett’s opinion on buying cryptocurrencies. He probably has enough for the rest of his life, so why should he invest in crypto? And he’s probably smart enough, and he knows no one is going to give him bitcoins for $25.
We are all well aware that bitcoin is not a product but only a virtual currency. That’s why I don’t mind his funny remarks. I never trust rich people because they say something, but never do the same as what they say. They work smartly, but they choose other people to work hard for them. They say ‘don’t buy crypto’, but they buy crypto and hold it and sell it at a higher price. Remember Elon Musk? He said he would never sell Bitcoins, but he sold his Bitcoin. HIs decisions keep changing as per his personal benefits, but that changed the lives of small investors while he earned billions.
I was worrying about Warren Buffett’s opinion on Bitcoin. We earn cheap food and save money so that we can save for investments in a variety of ways, including cryptocurrency, so let’s decide what is a good or bad investment for us from our hard-earned savings.
All I can say is that these dirty rich are absolutely self-centered people, so you don’t need to follow their opinion, (at least not mine) because they only talk about what makes them rich.
Most of the time, they do the exact opposite of what they say, believing that the average person will follow them. Warren Buffett may know Wall Street, stocks, and funds, but I disagree with Warren Buffett when it comes to his opinion about Bitcoin. Who cares about Warren Buffett’s opinion on financial decisions? He’s probably made enough for the rest of his life, so why should he invest in crypto? And I don’t know if he is already buying crypto and giving us a false opinion.