\nhttps:\/\/twitter.com\/saylor\/status\/1520530701535354881?s=20&t=Z7SiZYaVUnkzR6XzuRvvtw\n<\/div><\/figure>\n","post_title":"Warren Buffett Reiterates His Negative Stance Against Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"warren-buffett-reiterates-his-negative-stance-against-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:36:08","post_modified_gmt":"2023-04-30 11:36:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4760","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\nhttps:\/\/twitter.com\/saylor\/status\/1520530701535354881?s=20&t=Z7SiZYaVUnkzR6XzuRvvtw\n<\/div><\/figure>\n","post_title":"Warren Buffett Reiterates His Negative Stance Against Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"warren-buffett-reiterates-his-negative-stance-against-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:36:08","post_modified_gmt":"2023-04-30 11:36:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4760","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\u201cIn the first place, it\u2019s stupid because it\u2019s still likely to go to zero. It\u2019s evil because it undermines the Federal Reserve System... and third, it makes us look foolish compared to the Communist leader in China. He was smart enough to ban bitcoin in China.\u201d<\/p>Charlie Munger, Berkshire Hathaway Annual Shareholder Meeting<\/cite><\/blockquote><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/saylor\/status\/1520530701535354881?s=20&t=Z7SiZYaVUnkzR6XzuRvvtw\n<\/div><\/figure>\n","post_title":"Warren Buffett Reiterates His Negative Stance Against Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"warren-buffett-reiterates-his-negative-stance-against-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:36:08","post_modified_gmt":"2023-04-30 11:36:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4760","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Along with Buffet, Charlie Munger also holds his stance against Bitcoin. Munger claims that Bitcoin is both 'evil', and 'stupid', and makes him 'look bad'. <\/p>\n\n\n\n
\u201cIn the first place, it\u2019s stupid because it\u2019s still likely to go to zero. It\u2019s evil because it undermines the Federal Reserve System... and third, it makes us look foolish compared to the Communist leader in China. He was smart enough to ban bitcoin in China.\u201d<\/p>Charlie Munger, Berkshire Hathaway Annual Shareholder Meeting<\/cite><\/blockquote><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/saylor\/status\/1520530701535354881?s=20&t=Z7SiZYaVUnkzR6XzuRvvtw\n<\/div><\/figure>\n","post_title":"Warren Buffett Reiterates His Negative Stance Against Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"warren-buffett-reiterates-his-negative-stance-against-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:36:08","post_modified_gmt":"2023-04-30 11:36:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4760","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\u201cNow if you told me you own all of the bitcoin in the world and you offered it to me for $25 I wouldn\u2019t take it because what would I do with it? I\u2019d have to sell it back to you one way or another. It isn\u2019t going to do anything. The apartments are going to produce rent and the farms are going to produce food,\u201d <\/p>Warren Buffet, Berkshire Hathaway Annual Shareholder Meeting<\/cite><\/blockquote><\/figure>\n\n\n\n
Along with Buffet, Charlie Munger also holds his stance against Bitcoin. Munger claims that Bitcoin is both 'evil', and 'stupid', and makes him 'look bad'. <\/p>\n\n\n\n
\u201cIn the first place, it\u2019s stupid because it\u2019s still likely to go to zero. It\u2019s evil because it undermines the Federal Reserve System... and third, it makes us look foolish compared to the Communist leader in China. He was smart enough to ban bitcoin in China.\u201d<\/p>Charlie Munger, Berkshire Hathaway Annual Shareholder Meeting<\/cite><\/blockquote><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/saylor\/status\/1520530701535354881?s=20&t=Z7SiZYaVUnkzR6XzuRvvtw\n<\/div><\/figure>\n","post_title":"Warren Buffett Reiterates His Negative Stance Against Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"warren-buffett-reiterates-his-negative-stance-against-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:36:08","post_modified_gmt":"2023-04-30 11:36:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4760","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The point was bought up that Bitcoin does have utility, being in its payment system. Buffett responded that the dollar still remains the top currency in the world and that there may even be other forms of digital financial assets in the future that overtake Bitcoin.<\/p>\n\n\n\n
\u201cNow if you told me you own all of the bitcoin in the world and you offered it to me for $25 I wouldn\u2019t take it because what would I do with it? I\u2019d have to sell it back to you one way or another. It isn\u2019t going to do anything. The apartments are going to produce rent and the farms are going to produce food,\u201d <\/p>Warren Buffet, Berkshire Hathaway Annual Shareholder Meeting<\/cite><\/blockquote><\/figure>\n\n\n\n
Along with Buffet, Charlie Munger also holds his stance against Bitcoin. Munger claims that Bitcoin is both 'evil', and 'stupid', and makes him 'look bad'. <\/p>\n\n\n\n
\u201cIn the first place, it\u2019s stupid because it\u2019s still likely to go to zero. It\u2019s evil because it undermines the Federal Reserve System... and third, it makes us look foolish compared to the Communist leader in China. He was smart enough to ban bitcoin in China.\u201d<\/p>Charlie Munger, Berkshire Hathaway Annual Shareholder Meeting<\/cite><\/blockquote><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/saylor\/status\/1520530701535354881?s=20&t=Z7SiZYaVUnkzR6XzuRvvtw\n<\/div><\/figure>\n","post_title":"Warren Buffett Reiterates His Negative Stance Against Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"warren-buffett-reiterates-his-negative-stance-against-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:36:08","post_modified_gmt":"2023-04-30 11:36:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4760","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
During this year's Berkshire Hathaway Shareholder Meeting, Buffett compared Bitcoin to a tested asset such as real estate. He believes that for an asset that doesn't have tangible returns like rent then there isn't much utility to the product, stating \"one thing I\u2019m pretty sure of is that it doesn\u2019t produce anything.\u201d<\/p>\n\n\n\n
The point was bought up that Bitcoin does have utility, being in its payment system. Buffett responded that the dollar still remains the top currency in the world and that there may even be other forms of digital financial assets in the future that overtake Bitcoin.<\/p>\n\n\n\n
\u201cNow if you told me you own all of the bitcoin in the world and you offered it to me for $25 I wouldn\u2019t take it because what would I do with it? I\u2019d have to sell it back to you one way or another. It isn\u2019t going to do anything. The apartments are going to produce rent and the farms are going to produce food,\u201d <\/p>Warren Buffet, Berkshire Hathaway Annual Shareholder Meeting<\/cite><\/blockquote><\/figure>\n\n\n\n
Along with Buffet, Charlie Munger also holds his stance against Bitcoin. Munger claims that Bitcoin is both 'evil', and 'stupid', and makes him 'look bad'. <\/p>\n\n\n\n
\u201cIn the first place, it\u2019s stupid because it\u2019s still likely to go to zero. It\u2019s evil because it undermines the Federal Reserve System... and third, it makes us look foolish compared to the Communist leader in China. He was smart enough to ban bitcoin in China.\u201d<\/p>Charlie Munger, Berkshire Hathaway Annual Shareholder Meeting<\/cite><\/blockquote><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/saylor\/status\/1520530701535354881?s=20&t=Z7SiZYaVUnkzR6XzuRvvtw\n<\/div><\/figure>\n","post_title":"Warren Buffett Reiterates His Negative Stance Against Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"warren-buffett-reiterates-his-negative-stance-against-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:36:08","post_modified_gmt":"2023-04-30 11:36:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4760","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
