The arrogence of broke kids thinking they know more about investing than a multi billionaire. LOL
Buffetts point is that there's no intrinsic value in the aartificial scarcity because the code can be created ad infinitum. Anyone can create a currency. The hard part is to get others to accept it as money
that applies to every currency
for the most part fiat currency comes in two forms paper or metal, yet far more money is moved electronically than via paper or metal currency so clearly electronic currency is the big winner here.
Many around the world pay big money to order international wires for the ability to move large sums of money from point 'a' to point 'b', where is the "scarcity" or "intrinsic value" in a wire transfer?
Cryptocurrency solves a real problem in the world of electronic money and electronic money transfers, once the system is safe it will produce many trillionaires and quadrillionaires -- well beyond Buffet bucks.
You miss his point entirely. So what if you can use bitcoin to transmit money digitally? That in itself doesn't make it valuable.