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Anonymous Fri Jul 31 05:38:11 2020 No.20860734 [Reply] [Original]

Why are giants like Warren Buffett and Charlie Munger critical of cryptocurrencies? The latter has called Bitcoin a "poison".

>>	Anonymous Fri Jul 31 05:40:04 2020 No.20860759 >>20860734 they're scared of things and markets they don't understand

>>	Anonymous Fri Jul 31 05:50:55 2020 No.20860918 Warren Buffet is a fossil whose network is being surpassed by Musk, who clearly isn’t afraid to talk about crypto

>>	Anonymous Fri Jul 31 05:53:09 2020 No.20860952 >>20860918 Net worth *

>>	Anonymous Fri Jul 31 05:54:52 2020 No.20860977 >>20860734 Boomer who doesn't understand crypto Also Berkshire gains 20% on a "good" year, even a 2x is seen as "volatile" and "risky" to him

Anonymous Fri Jul 31 06:23:03 2020 No.20861369

>>20860734
Because it's a speculative non-producing asset that tries (and fails) to be the new gold.
They don't even like gold as an investment, since it also does not produce anything.

They have a solid investment strategy that has paid very well over DECADES.
Why would they listen to some retard on the internet that gambled on crypto and now thinks he can replicate luck over a long time frame?

>>	Anonymous Fri Jul 31 06:43:45 2020 No.20861628 >>20860734 If you had 1 million bitcoin would you shill eth?

>>	Anonymous Fri Jul 31 06:52:57 2020 No.20861763 >>20861628 based

>>	Anonymous Fri Jul 31 06:56:08 2020 No.20861821 >>20860734 Munger is 743 years old. He's a ghoul. Poison Squared doesn't really scare him because he is already undead.

>>	Anonymous Fri Jul 31 07:08:21 2020 No.20862015 File: 418 KB, 1392x1535, genius.png [View same] [iqdb] [saucenao] [google] >>20861628 based indeed.

>>	Anonymous Fri Jul 31 07:11:19 2020 No.20862062 Crypto is dead go home

>>	Anonymous Fri Jul 31 07:28:22 2020 No.20862349 >>20860734 buffett called bitcoin "rat poison". but he didn't say who the rats were, so effectively he didn't take a position

>>	Anonymous Fri Jul 31 07:57:35 2020 No.20862791 >>20862349 Interdadesting, Never considered it that way

>>	Anonymous Fri Jul 31 08:14:41 2020 No.20863055 File: 89 KB, 640x597, rat_poison.jpg [View same] [iqdb] [saucenao] [google] >>20860734 >The latter has called Bitcoin a "poison" A poison to who? ;)

>>	Anonymous Fri Jul 31 08:21:55 2020 No.20863179 >>20863055 The ones who eat it.

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