Warren buffet declared bitcoin as useless and strongly believes bitcoin and Cryptos will die in 10 years. He also thinks bitcoin is a terrible investment.
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I'm a Buffet fan, as far as his style of investment. But he's wrong about bitcoin.
He describes himself as knowing little about tech, and wisely advises people to stay within their circle of competence. In that light, he shouldn't be commenting on bitcoin at all, but whatever. Being completely non-technical, I think he misses pretty much all the reasons why bitcoin/crypto-currency is a breakthrough that stands to steadily gain adoption over the long haul.
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This guy has been right ALL THE TIME...
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Actually, no. Go read some bios. He's right more than 50% of the time and makes big bets. As he states, it just takes a couple incredibly good trades in a lifetime to build fantastic wealth. Heck, his initial purchase of Berkshire Hathaway was a disaster that took many years to fix/pivot. He (and Charlie Munger) also very stubbornly stuck with the grocery-store stamp/points thing for DECADES after it was viable.
Anyways. Change "ALL THE TIME" to "MORE THAN HALF THE TIME", and it's a correct statement.