https://www.coindesk.com/warren-buffett-cryptocurrencies-will-come-to-a-bad-ending/
https://www.coindesk.com/real-bubble-billionaire-warren-buffett-doubles-bitcoin-doubt/
https://www.cnbc.com/2018/01/10/buffett-says-cyrptocurrencies-will-almost-certainly-end-badly.html
Who does that to the fellow investors? This is pure arrogance and generational gap. The old style investors for yesteryears will never appreciate and understand modern day investors. They use their clouts to undermine younger investors.
I respect Warren and the reputation he had built over his long career but it was also full missed opportunities. He could have made even more money for his clients, had he invested in Facebook, Nvidia, Adobe, or other tech companies. But with his "play safe" mindset he chose to invest in and divest from IBM. How come he make such comments or make authoritative investment without understanding the Blockchain or any other Distributed Ledger Technology.
This is just pure arrogance - my way to highway mindset from old-school investors.
Can Crypto market go down? Yes.
Can it rocket up? Yes.
Nothing is certain. So was the case with the Stock Market in 2007, 2008, 2009, 2010 and so on ... Where was Warren when millions of people lost their money during financial market? Where was his warning then?
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