Buffett said he didn't want to invest in IT because he didn't understand it enough, but it also lead him to never say it was going to fail. Here it's different,

Buffett said he didn't want to invest in IT because he didn't understand it enough, but it also lead him to never say it was going to fail. Here it's different, he specifically points out that he thinks it will fail. You may disagree with his point of view, but to dismiss his input as absolutely irrelevant is out of touch, so is claiming he "doesn't add anything of value to the discussion": his opinion, by value of who he is and his experience, is value to the discussion in a field that is still about speculation and high risk investment. I find it interesting how many people on here like to eat up the words of most mogul and take it as semi gospel, then balks when one of them goes against one of their pet love thing. This is not specific of cryptocurrencies, although due to their "get rich quick" attributes these tend to make it even stronger. Just goes to show how people are the same everywhere, even (hell, especially) the "more informed". I don't personally believe in his point of view, I think while all current cryptocurrencies are going to fail or at least become a small sideshow especially the big names ones, the next wave will be smarter in what they try to be. Still, I value his input as much if not more as those of "self proclaimed cryptocurrency experts" who merely happened to have made one good bet. He made a ton more of those.