So far everyone has revealed themselves to be ignorant. Warren Buffet is not some aging idiot who doesn't know exactly what he is doing.


But you're also wrong that he thinks its a bad investment. Warren Buffet is probably the most undeserving of a good reputation in the whole of the world I can think of. He is 100% a crony capitalist masquerading as some kind of lovable old long term value investor like Mr Monopoly.


Warren Buffet was bailed out in 2009 or he would now he collecting unemployment benefit and for that he is paying back the global elite and US government be it ridiculous advice about how he wants to pay more tax when he pays himself a pittance so to avoid it or making high profile criticisms of Gold and now Bitcoin. His last big deal was he invested billions in the railways just before his buddy Obama decided not to allow keystone pipeline therefore needing loads of trains, cue gas explosions in small town America, trust me he really is that much of an asshole.

He is, was and will die a crony capitalist, his criticism of Bitcoin which is a threat to the global elite is just part of his role.