> It’s really no different that buying stocks on an exchange. I think it’s a little bit different depending on the style of investing. For Buffett-style value

> It’s really no different that buying stocks on an exchange. I think it’s a little bit different depending on the style of investing. For Buffett-style value investing he’s making a bet on the profitability of the company itself and not the future price of the stock (obviously meme stocks work differently). Bitcoins don’t generate profits (by themselves) so their utility depends more on the future market price (which of course isn’t driven by profits either). The traditional investment it seems most similar to is gold, which has value because the supply is limited, it’s relatively easy to store/transport compared to bulkier materials, and there’s lots of liquidity due to others using it for the same purpose. Bitcoin seems to have the same sort of advantages (minus the industrial / jewelry applications, but it’s even easier to store and transact).