> Buffett doesn't understand Bitcoin And Buffett has repeatedly said that it's a bad idea to invest in things you don't understand. He's also known for preferr

> Buffett doesn't understand Bitcoin And Buffett has repeatedly said that it's a bad idea to invest in things you don't understand. He's also known for preferring longer-term investing to short-term speculation. As for cryptocurrency values, of course they're all quite volatile. Anybody who reads HN is probably aware of this by now. Using them as a long-term store of value without actively managing a portfolio right now would be unwise. Long-term, however, I expect distributed cryptocurrency will replace centralized fiat currency for most purposes. All it would take is an existing cryptocurrency that actually works well as a currency (not Bitcoin) combined with a financial crisis.