When buying crypcurrency, Buffett said, "You do not invest when you do it. You are speculating. There is nothing wrong with that. If you want to bet others will come and pay more money in the near future, it's a kind of game. But that is not investment. " Are we participating in a game?
In many ways, Buffett is right. Buying bitcoin is a kind of game. And in this game you need to be able to stop in time. Investing in bitcoin is still quite safe. However, if bitcoin increases in price somewhere over $ 50,000, such investment will already be a big risk. Then, any day, bitcoin can quickly drop in price, down to practical depreciation. Perhaps, it will even be repeated several times, however, each time bitcoin will reach ever lower price levels.