Post
Topic
Board Economics
Re: "...all of the bitcoin in the world for $25"
by
MiF
on 07/05/2022, 20:58:25 UTC
Warren Buffet recently made a strong declaration that he wouldn't buy all of the bitcoin in the world for $25, and it gave us a better glimpse of how he really views cryptocurrency. He went on to say that Bitcoin "doesn't multiply" and "doesn't produce anything," which is true if you think about it, except what multiplies in BTC is its value. I wonder what would make Buffet change his perception of BTC. Or maybe he's just trying to influence the crypto market for a bargain buy.
This is very clear that warren buffet wanted to influence the price to make it more cheaper for he can buy it in a very low price, warren Buffett is a crypto enthusiast and there is no simple reason for making negative comment for btc except buying more in dip. I believe that he wanted to buy more on dip that is why he also wanted the bitcoin to drop down deeper.