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17421795 No.17421795 [Reply] [Original]

In an interview just released on CNBC, billionaire financier Warren Buffett reiterated his long-held position that cryptocurrency has no intrinsic value, and made clear that he would never own any. Buffett insisted that Bitcoin serves no real purpose, which is why it has not achieved mainstream use.

https://bitcoinist.com/warren-buffett-declares-he-will-never-own-cryptocurrency/

>> No.17421819

what happened to
>be greedy when everyone else is a pussy

I think he’s shook from TSLA

>> No.17421832

>>17421795
>some of his largest holdings are in banks
>slanders its competition
>people are surprised

>> No.17421844

Why does he care so much

>> No.17421851

he also said he would never buy tech stocks. He just stays away from things he doesn't understand or care about. Wow so smart, it's like common sense.

>> No.17421872

>>17421851
well he never said tech stocks were worthless though
also bitcoin dumped right after the news
https://twitter.com/CNBC/status/1231939235139268611

>> No.17421945

>>17421872
That's because the US market opened and everything shit the bed.

But he's not really wrong. It's a ponzi scheme at the moment. Bitcoin is never going to have a value proposition the way it's going, now that they want the digital gold narrative. Ethereum has a value proposition long term if smart contracts and defi succeed. But they are only succeeding now based on rampart speculation in the defi space. Insurance is promising, and it looks to come online in the next 1-3 years. The value proposition for cryptos is very small currently.

>> No.17422091

>>17421795
Isn't he like 89 years old? Since his life expectancy is like 4 years, it's not like this is much of a declaration beyond "I don't own any crypto right now".

>>17421819
The crypto market is (and always has) been closer to "greed" than "fear". Except maybe during the 2018 crash.

>>17421832
It's not like he'll benefit much, if people use banking. He only owns a small fraction of total banks. If he was trying to sell something, you'd think he'd bring up Wells Fargo, or similar.

>>17421844
He doesn't. The media just likes asking him questions, because it gets view/clicks. See: this thread.

>>17421851
>He just stays away from things he doesn't understand or care about.
He's definitely saying something stronger than just "I don't understand it". He thinks it's worthless.

>> No.17422380

>>17421795
except for the TRX he got from manlet chink

>> No.17422448

>>17421795
lmao stay poor boomer

>> No.17422461

He’s a kike. Kikes hate money they can’t control

>> No.17422502

>>17421795
Lmao justin sun and sockpuppet army eternally btfo'd with no chance of recovery

>> No.17422554
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17422554

>>17421795

>> No.17422570

>>17422554
No, he owns a shitton in mastercard and banks, he knows very well why he is saying this.

>> No.17422580

>>17421795
He already did. One of his companies were caught investing in btc while he said it was a scam he apologised.

>> No.17422596

>a fully international, decentralized, internet-based currency that is already the medium of choice for all off the grid financial activities has no intrinsic value or future

>> No.17422619

>>17422570
I’d like to think crypto will indeed be the future but I’m not naive enough to believe it. He may be biased but that doesn’t make him wrong.

>> No.17422626

>>17421795
OLD GOD TIER RICH BOOMER DOESNT NEED CRYPTO...
>already rich.

>> No.17422644

>>17421795
He’s right
Bitcoin failed
The p2p value no longer exists and it is largely considered now a store of value
Lmfao store of value
Everything we wanted from bitcoin is dirt now

We used to shit on gold for being a store of value

>> No.17422645

>>17422619
> something with absolutely 0 adoption has a marketcap of 170B
maybe coiners are the biased ones

>> No.17422660

>>17422645
if it had 0 adoption the average btc transaction would not be 55k usd.

>> No.17422662

>>17421795
he doesn't care. he will be dead soon. he is probably is sick of money.

>> No.17422663

>>17421795
100% he is a link whale and is fudding all crypto so he can accumulate enough to be come supreme owner of earth when it 1000xs

>> No.17422708
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17422708

>>17422645
Everyone is biased but shit like >>17422626 has me convinced that the space has degenerated into nothing more than get-rich-quick schemers. Shame really, crypto had so much potential before the chinks got ahold of it.

>> No.17423052

>>17421832
Can bitcoin give me a loan?

>> No.17423060

>>17422580
Link?

>> No.17423074

>>17421795
Being that his life could be over tomorrow. This is a non-story.

>> No.17423102

>>17422645
>0 adoption
>$1B locked into Defi while the wave is but a mere trickle

>> No.17423116

>>17421795
warren buffet will never touch bitcoin but he owns XRP.

>> No.17423130
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17423130

>>17421795
>Warren Buffet says he will never own cryptocurrency
thats really cool and all but i didnt ask lol

>> No.17423161
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17423161

>>17421795
Based buffet BTFO’s shitcoin pajeets
>>17422570
>thinking crypto will kill banks
kek
>>17422580
>>17423116
Rakesh lies again

>> No.17423175

>>17421795
>old as dirt
>already filthy rich
why would he care about crypto at this point in his life? fucking hell these 'journalists' will make an article about the most mundane things imaginable

>> No.17423208

>>17421795
>giving a fuck what he thinks
ngmi

>> No.17423329

>>17421795
He also said google and amazon were trash investments and that the internet in general would never take off

>> No.17423337

you realize that the fact that all the normies are bearish on crypto long term is super bullish, right?

don't worry, they will fomo in, it's just a matter of hype and emotion to them, normies can't control their emotions or remember anything past a week

>> No.17423352

He says the same thing about gold. He's wrong about that too

>> No.17424040

>>17423352
yeah that's why you're the billionaire and he's the NEET posting on a racist anime image board.

>> No.17424082

You honestly believe that nonsense? IF he actually has that opinion, its only public because he wants to buy the absolute bottom when all the weak hands get shaken out LMAO

>> No.17424114

>>17423329
No he didn't. If I'm wrong, post the quotes.

>> No.17424145

>>17424082
Would you still gamble on crypto if you have over a billion dollars?

>> No.17424153

>>17423352
he guaranteed has a large stash of gold. im sure some ETH and BTC as well

>> No.17424174

>>17421795
Doesn't need to he'll be dead soon.

>> No.17424189
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17424189

>>17421795
not a hard promise to make when you're just about ready to fall over and die from age related issues any day now

>> No.17424205
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17424205

>>17421795
>made clear that he would never own any
>Justin Sun gave him a bunch of his Tron shitcoins when they had lunch and the senile old fart already lost them or forgot about them