All the digital gold in the world? No thanks ! – Do you remember Statler and Waldorf, the old complainers from the Muppet Show? warren buffett and Charlie Munger are the version applied to Bitcoin (BTC) and cryptos. Whatever the cryptosphere offers or does: it is not never good. After having insulted Bitcoin with “rat death squared”the two accomplices continue to insult the invention of Satoshi Nakamoto.
“Dumb and Bad” Bitcoin and Other Warren Buffet Whatnot
warren buffett and his right arm Charlie Munger attacked again Bitcoin on the occasion of the annual meeting of shareholders of their company, Berkshire Hathaway. Already both infamous for their harsh criticism of cryptocurrency, these new “festivities” began with this line from Warren Buffett:
” I do not know if [Bitcoin] going up or down next year, or in five or ten years. (…) If you told me that you have all the bitcoins in the world and that you offered them to me for 25 dollars, I would not take them, because what would I do with them? I would have to sell it to you one way or another. It won’t help. »
Because if we held all the oil or all the gold in the world, it wouldn’t come back the same ? Still in Buffett’s shadow, Charlie Munger tries to outbid even louder in the opprobrium thrown at Bitcoin, saying that it is trying “to avoid things that are stupid and bad (…)”as reported in particular by the Forbes newspaper.
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Elon Musk mocks mockers
Obviously, the defenders of the cryptosphere have not failed to criticize back Buffett and his sidekick for their soon-to-be obsolete view of finance. The Billionaire Elon Musk, who just bought Twitterfor example, was amused to hear so often “Bitcoin” in the mouth of someone who explains hating him.
A month ago is the investor peter thiel who had criticized Warren Buffett’s traditional finance as a “financial gerontocracy” who wants to exclude cryptocurrencies.
If these “exchanges of courtesies” are not very productive, however, the facts speak for themselves. Thus, more and moreinstitutional investors are charmed by bitcoin and cryptos. And giant actors like BlackRock no longer hesitate to do the bridge between old finance and new, driven by digital assets.
If Warren Buffett doesn’t want Bitcoin, that means there will be plenty more for you! To not miss the opportunity of a lifetime, register without delay on the FTX benchmark crypto exchange platform and benefit from a lifetime discount on your trading fees (affiliate link, see conditions on official website).