Post
Topic
Board Economics
Re: "...all of the bitcoin in the world for $25"
by
South Park
on 19/05/2022, 07:54:17 UTC
Buffett does not really value bitcoin but that is not really new, if he wants to give an opinion about bitcoin then there is not much we can do about it since he is free to do so, besides his hypothetical scenario has not a single chance of happening, he cannot even buy a single bitcoin for 25 dollars let alone the whole supply, so it is obvious that he is being disingenuous and this is nothing more but an attempt to try to lower the image of bitcoin in the eyes of those which are on the fence and do not know if they should invest in bitcoin or not.
If we won't do anything about it, the image of bitcoin is going to get damaged more and many people are not going to invest on it anymore, are you sure you want that to happen? Someone that has a power should stop this guy for continuously threatening bitcoin, he always do this to bitcoin. They should also do the same for warren and that is to threaten him that if he won't stop his nonsense, something bad will happen to him.

If there is something that won't happen that would be the price of btc to hit 25 dollars. We are not in the 2016-2010 era anymore but we are now in the 2022 where btc is now in the mainstream. I think the lowest price that we can get by now is 30k something.
The only thing we can do is to spread the correct information about bitcoin and counter his arguments with strong facts, but at the end of the day Buffett is still free to say whatever he wants about bitcoin or any other asset, it is clear that Buffett does not appreciate bitcoin and other assets which are like it, like gold, but at the same I do not think it matters too much because as time passes we are going to see who was right about their predictions, and taking into account what we know about bitcoin I am pretty sure we are the ones that are right, even if Buffett thinks otherwise.