Post
Topic
Board Economics
Re: "...all of the bitcoin in the world for $25"
by
pooya87
on 08/05/2022, 06:21:12 UTC
We can't know for sure if Mr. Buffett doubles the game all the time, but I’m personally more inclined to think he wouldn’t have dealt with such things in the old days - because if something like that were revealed, he would be labeled a liar. The question is how much does a man hold on to his reputation, and it seems to me that he would not sell it for a few billion $.
Well bitcoin provides a very unique utility which is to let people park some amount of money in a place where nobody could know or touch (unlike fiat in the banks). Rich people have always been looking for such opportunities and diversifying into bitcoin is a strong possibility.
Who cares about reputation when money and financial sovereignty is involved?