*1. Bitcoin is a Non- Productive Asset*
Buffett invests in stocks issued by corporations that produce something of value. In the process, they produce earnings and dividends for shareholders.
Buffett believes bitcoin is valuable only because the person buying it thinks they'll be able to sell it for even more than what they paid at some point.
*2. Bitcoin is a speculation, not an Investment*
Bitcoin isn't exactly a buy-and-hold investment. Its price is highly volatile.
Ultimately, Buffett is fine with it if you want to buy yourself some bitcoin. Just don't call it investing.
*3. Bitcoin is not a Currency*
Just because you call something a currency doesn't mean it is one.
It has to be a stable store of value that people actually use to buy things with. Bitcoin falls on this account. So, it's not a digital currency which we say usually to Bitcoin.
With all due respect, it doesn't appear you are educated on this topic at all.
Maybe do some research and come back.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today