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.
His idea of investing is exceptional and to be honest really impressive, he never invests merely because there is a demand for something, for him asset is only something that has value in terms of Current as well as future cash flows. If there is a startup that has a huge customer base yet has no real cash flows he will still consider that startup to be a dull investment because eventually, it has zero value in terms of cash flows it can provide in the future. If you think about it, practically in a business sense he is right, what good is a business in which you are continuously putting money but it doesn't give you anything back in return? But to be honest, investing has changed alot in past couple of decades, now people not only invest for future cash flows but also for a capital gain due to increased business base in the future. People see prospects of a cash flow as a bigger and undervalued asset as compared to a real cash flow. He is right with his thinking but this doesn't mean people having BTC for 50k are foolish.