3 ms·
Warren Buffet, the guy that told people to stay away from Bitcoin for the past decade and to stick to stocks which average 8-10% and barely outpace inflation wh
by KetoManx64 6mo ago
Warren Buffet, the guy that told people to stay away from Bitcoin for the past decade and to stick to stocks which average 8-10% and barely outpace inflation while Bitcoin has literally given 10,000% return in the past decade?
Yes, very smart play to keep people dependant on him and his investment company.
- dh2022 6mo agoI am glad if Bitcoin worked so well for you. Conceptually though, Warren Buffet is right - Bitcoin has no intrinsic value. Besides scammers and criminals almost nobody uses Bitcoin for transactions. Nobody buys a car, a slice of pizza, a box of nails, a glass vase, an AirBnB rental using Bitcoin.
- KetoManx64 6mo agoNobody buys a car or slice of pizza or a glass vase using stocks, gold, silver, or Pokémon cards either and they have no intrinsic value yet they're worth hundreds of dollars. The value of an item is what people believe it is. The US dollar is the predominant currency used by scammers and criminals, by far.
- dh2022 6mo agoLOL!