Post
Topic
Board Bitcoin Discussion
Re: Why didn't Warren Buffett invest in Bitcoin?
by
Yatsan
on 05/07/2018, 13:32:08 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?
Sure some of us would view this at a negative side and regard of this as one of the signs that bitcoin is dying. But the true reason why Warren Buffet does not want to invest on bitcoin is because it doesn't suit his interests on investments. Most of the time he wants a steady amount of growth that is not evident with bitcoin.