Warren Buffett: Bitcoin Is Pure FOMO
secure.marketwatch.com
Warren Buffett: Bitcoin Is Pure FOMO
1–10 of 196 posts
Re: Warren Buffett: Bitcoin Is Pure FOMO
#2Well that much is obvious. This doesn't speak to whatever utility bitcoin might have, but the recent uptick in price clearly has nothing to do with bitcoin's technical properties.
Re: Warren Buffett: Bitcoin Is Pure FOMO
#3Warren Buffet has previously vowed not to invest in tech b/c he said he doesn't understand it. I think it changed in the last ~5 years. But I still don't think that he "understands" tech.
The Beanie Babies comparison is straight up stupid. I can go to Africa right now and I can imagine that even some of the remoter parts will be aware of bitcoin.
Re: Warren Buffett: Bitcoin Is Pure FOMO
#4Warren Buffet has previously vowed not to invest in tech b/c he said he doesn't understand it. I think it changed in the last ~5 years. But I still don't think that he "understands" tech. The Beanie Babies comparison is straight up stupid. I can go to Africa right now and I can imagine that even some of the remoter parts will be aware of bitcoin.
> I can go to Africa right now and I can imagine that even some of the remoter parts will be aware of bitcoin.
The Bay Area, ladies and gentlemen.
In all seriousness, I doubt people in most of the world have heard of either.
Re: Warren Buffett: Bitcoin Is Pure FOMO
#5Goldman Sachs hasn't yet setup their own Bitcoin trading desk, but they are building it. No doubt Buffet is trying to temper enthusiasm until their trading platform is built. Once it is, suddenly he will "Understand it".
Re: Warren Buffett: Bitcoin Is Pure FOMO
#6Does Warren Buffett understand digital signatures?
Re: Warren Buffett: Bitcoin Is Pure FOMO
#7Warren Buffet has previously vowed not to invest in tech b/c he said he doesn't understand it. I think it changed in the last ~5 years. But I still don't think that he "understands" tech. The Beanie Babies comparison is straight up stupid. I can go to Africa right now and I can imagine that even some of the remoter parts will be aware of bitcoin.
> I can go to Africa right now and I can imagine that even some of the remoter parts will be aware of bitcoin. The Bay Area, ladies and gentlemen. In all seriousness, I doubt people in most of the world have heard of either.
I know cryptoppl active in Africa and ppl in remote parts of Africa who have heard of Bitcoin.
Re: Warren Buffett: Bitcoin Is Pure FOMO
#8Warren Buffet has previously vowed not to invest in tech b/c he said he doesn't understand it. I think it changed in the last ~5 years. But I still don't think that he "understands" tech. The Beanie Babies comparison is straight up stupid. I can go to Africa right now and I can imagine that even some of the remoter parts will be aware of bitcoin.
> I can go to Africa right now and I can imagine that even some of the remoter parts will be aware of bitcoin. The Bay Area, ladies and gentlemen. In all seriousness, I doubt people in most of the world have heard of either.
I don't live in the bay area.
idk if you saw this but UN has previously used Ethereum to send aid to refugees.
https://www.coindesk.com/united-nations-sends-aid-to-10000-s...
You have to realize that in the US you have the luxury of stable (corrupt, but stable) government. A lot of other countries dont have that luxury. An international standard is a lot more enticing to someone from such a country than it is for you. Like stability is relative. What you can perceive as unstable, someone can perceive as unstable but stabler than the default.
Re: Warren Buffett: Bitcoin Is Pure FOMO
#9Bitcoin saves lives in Venezuela, you people need to get your head from your asses, first world is not the only world.
Re: Warren Buffett: Bitcoin Is Pure FOMO
#10Does Warren Buffett understand digital signatures?
How would you explain to him how they make the distinction here?
...asking for a friend