/biz/ - Business & Finance

Why does Warren Buffett always slander Bitcoin?
I regard him as one of the (if not the) best investors of our era, but his methods are clearly antiquated and he understands very little about decentralization, much less so about blockchains or smart contracts etc. So why doesn't he just say that?

>Mr. Warren what is your opinion on BTC?
Good answer:
>Well I personally wouldn't invest in it because I believe it holds a price not currently reflected in its real-world uses. However, I must admit do not understand much about the technology behind it so I cannot truthfully give a definitive answer on this matter.
Bad answer:
>It's muh rat poision squared. The only use is so criminals can smuggle drugs and so people can speculate on it's price!

Imagine actually investing in virtual magic beans

Reminder that boomers will call laissez faire crypto trading a scam meanwhile their stocks are protected by the Fed, Plunge Protection Team, leveraged corporate buybacks, and trillion dollar bailouts.