Warren Buffett is the greatest investor of all time. In this video you will hear his opinion on Bitcoin, including the new 2021 comments! Very important to watch this regardless of your attitude to cryptocurrencies (and absolutely necessary if you own any of them!) As Charlie Munger says, “If you disagree with somebody, you want to be able to state their case better than they can.” And at that point you’ve earned the right to disagree with them.
Warren E. Buffett is an American long-term investor, philanthropist, business tycoon, and the chairman & CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth over 100 billion dollars. Buffett was born in Omaha, Nebraska. He developed an interest in business and investing in his youth and made truly incredible stock market returns over his career.
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Warren Buffett: Why You Should NEVER Invest In Bitcoin (UNBELIEVABLE)
I just got so much funds, from these guys 👆, they are legitimate
TRY TO USE IT WHENN THE POWER GOES OUT… How can you access with no power… hahahaha. Fools…
Hilarious! All those crypto currency "investors" were laughing at Warren, thinking he doesn't know what he's talking about. This guy has spent 80+ years assessing deals and looking at investments. Sure…. he doesn't "know" what he's talking about when it comes to investments, but instead these crypto influencers and youtubers who have very basic knowledge in investing and money are the ones who "know". /s Warren is having the last laugh as usual because his prediction turned out to be right. The crypto scam industry bubble has long popped and is never coming back. Don't ever say Warren didn't warn you. lmao
The biggest Ponzi scheme is the US dollar.
Second is Bitcoin.
His painful mistake is that he looks at Bitcoin as an investment and not as the replacement of the money he got used to all these years. He will die much before to even realize that he made a mistake. If like him you see it as an investment, he is completely right and you should proceed ignoring it. If, on the contrary, Bitcoin catches on as both medium of exchange and store of value, then he was absolutely wrong.
From WB perspective Bitcoin has to worthless because he fails to see what it solves, if you see the slight chance of it become a currency, then you are making a huge mistake. At the end, it will no be even matter who is/was right. You will be probable working to get some units for your efforts and to buy that farm he was talking about in order to keep getting those 'bits' that will procure you food, transportation, energy and so on.
trading on your own is very risky I have lost a lot money trading for my self so I wouldn't advise anyone to do the same .
When you invest you're buying a day you don't have to work
Most people venture into crypto to be a millionaire meanwhile I just want to be debt free
Thanks for this video. I don't invest in btc. I'm just into metaverse gaming project, it's The Mera
Just to be clear. Warren says "I would never INVEST in bitcoin". This is why he keeps saying "bitcoin doesn't produce anything", even though no currency does either. The discussion happens on the basis that Bitcoin is a commodity.
But here is the thing. Bitcoin was never meant to be an investment in the first place. It was created as a non-inflationary medium of exchange, which does not have any centralized entity, capable of printing more of it. The point of Bitcoin was to behave like a gold-pegged dollar, without the gold part. As well as provide core internet banking functions without the banks part.
Wow that’s lovely
A problem with crypto is that the people who dominate it like Elon Musk have a vested interest in keeping it unstable so they can manipulate it.
Crypto can actually be extremely profitable for billionares who can swing the market in their favor since it's pretty much a stock exchange that allows for every dirty trick that is normally banned.
I am new to Bitcoin trade and I've been making losses but recently I see a lot of people earning from it. Please can someone tell me what I'm doing wrong…
Warren said in this video he would not short something he doesn't understand yet he yammers on about how sure he is that he understands it is worthless. I hope he realizes the contradiction in his position.
People shouldn't buy what they don't understand. If he didn't understand Microsoft which everyone used (and he missed out on massive gains) how can he understand Bitcoin? I'm a tech guy and I get BTC. You won't see me buying oil or textiles cause I know nothing about those. 'nough said.
The utility of cryptocurrency is as MONEY!!! I don't own any but my hope is that in the future some countries will create decentralised cryptocurrencies to use as money that actually does hold its value over time. The utility of gold always was as money that couldn't be printed; it doesn't produce anything but when it was money you could convert it into anything at any time and if you wanted the equivalent an Armani in the time of Christ it would have cost you one ounce of gold and if you wanted an Armani suit today it will still cost you one ounce of gold. Further more the utility of money is not simply as a medium of exchange but also as medium to lend in. In the future you might be able to lend your cryptocurrency to banks in return for interest.
value of bitcoin may eventually come from it's volume of trade — it's utility of use when someone wants to liquidate it to another medium
Dude looks like the guy from Up.