Quote:
Originally Posted by dradernh
Here are a couple of thoughts from a well-known investor by the name of Warren Buffett:
"The answer is we will never buy anything we don’t think we understand. And our definition of understanding is thinking that we have a reasonable probability of being able to assess where the business will be in 10 years."
"Something like bitcoin, it is a gambling token and it doesn't have any intrinsic value. But that doesn't stop people from wanting to play the roulette wheel. The urge to participate in something where it looks like easy money is a human instinct"
Not that there's anything wrong with that!
|
There are a lot of Bitcoin heavy hitters that flipped from being anti-Bitcoin as it normalized. Larry Fink is the CEO of Blackrock which has $10 Trillion under management. He was notoriously anti-BTC —- until he wasn’t.
Same with Michael Saylor.