Post
Topic
Board Bitcoin Discussion
Re: Why didn't Warren Buffett invest in Bitcoin?
by
Redredred
on 01/07/2018, 23:17:16 UTC
To the surprise of nobody, Warren Buffett isn’t interested in Bitcoin at all.
Warren’s strategy is to have an adequate but consistent return over a long period of time.
The key is that he knows he will be rich someday, but he is not in a hurry.
In cryptocurrency world, it is not possible to make a position and forget it for x number of years. Hence, it does not fit Warren’s style.
So what is your opinion?
He claims that he doesn't not invest in ventures that he do not understand. He has a point though beacuse Bitcoin is a little anonymous but let's forget the investment returns that Bitcoin holders acquire: BTC could accomplish that revolutionary goal. Then early adopters will gain much value.