lol Buffie is in his death bed right now and seething
>>60624084 (OP)no 1. fiat bull (who is also an asset bear) is slowly watching his world crumble away as he failed to buy the telegraphed crash he asked his millionaire friends to make (trump) because he deemed the assets at 4,800 SPX "still too expensive". suffer nigger.
>>60624084 (OP)Buffie is a shitty investor. If not for bailouts he'd be in the red.
Trump also has neg net worth.
>>60624218Are you saying Buffet doesn't like Trump and purposely tried to make him look bad with the market?
>>60624421He funded thousands currents, and by extension, the black lives matter movement. He's a turbo lefty.
When Bitcoin crosses 130k, Satoshi Nakamoto will officially have a net worth higher than that old fart, lmao
>>60625136No to mention bought countless iconic classic American companies that treated their employees like actual humans and exported all the middle class jobs to Brazil. It's ironic that Bitcoin is sucking out all the value of his own Ponzi scheme. He can go to hell imo.
>>60624084 (OP)This guy is a champion for the establishment and pretends that fiat and the Fed are great things because he only cares about his legacy. He's right about crypto but for the wrong reasons.
S
>>60624084 (OP)He is still right.
The only thing that Bitcoin does is that it promises that there will be a supply of greedy fools to sell to for more fiat money than you bought for.
And they would want to buy because they believe that there will be more fools to sell to for more fiat money.
And so on. You get the idea.
>>60625194you just described every asset
“It doesn’t produce anything. You can stare at it all day, and no little bitcoins come out or anything like that. It’s a delusion, basically.”
— Warren Buffett, CNBC interview, 2019
“I don’t have any Bitcoin. I don’t own any cryptocurrency, I never will… If you told me you owned all of the Bitcoin in the world and you offered it to me for $25, I wouldn’t take it.”
— Warren Buffett, Berkshire Hathaway Annual Meeting, April 2022
>>60625207No.
Real assets provide some valuable production or service capability and can generate cash flow.
And commodities are needed in the real world.
Buffet disliked gold deservedly, but gold still has some inherent value.
>>60625221That's how the world works.
On the other hand, crypto and Bitcoin are just a carousel of greedy gamblers trying to outscam each other.
Buffet understood that clearly and it's common sense.
>>60624084 (OP)He's not wrong on calling BTC a Ponzi.
And desu no one in 2017 would imagine that shit would hit 100k.
>>60625207cope
if you plant fruit, you grow more fruit which you can invest in through stocks
the best Bitcoin and gold can do is be a hedge against inflation
>>60625217you can lend your bitcoin and generate returns, retard
>>60625211Didn't some gook literally give him bitcoin.
>>60625580Lending a gambling token to be used in a gambling ecosystem does not make it a real asset.
Not more than yet to be grown tulip bulbs or settlements in non-existent colonies.