Is Warren Buffett's Opinion Wrong About Bitcoin?

[Suba]

Warren Buffett is one of the prominent people who oppose Bitcoin and he is very critical, in 2018, Buffet said that Bitcoin will end badly or harm its investors. Buffet even considers Bitcoin to be rat poison that will bankrupt its investors. However, after Trump became US president, the price of Bitcoin began to soar, so that many countries and institutions adopted Bitcoin and even banks in America were also ready to sell Bitcoin. So in your opinion, is Buffet's opinion about Bitcoin wrong?

 

[King Belieal]

Buffet like every other person was skeptical about Bitcoin at that point. I really want to believe that he knows that he was wrong at this point.

 

[magnus2022]

Warren Buffett like any other human can be wrong at times. He doesn't know it all. He can be wrong at times. Time have equally proved that he is wrong. Investment is gambling upside down.

 

[Laurentta]

From what i've seen so far, Warren Buffett's opinion is wrong about Bitcoin.

 

[Stardom22]

For me l think that every person has their own right for expression. Anyone can give out their views freely according to their points of opinion.

 

[riberet19]

I think he was wrong, but he's a long-time investor, and there are things he won't understand because he's from a different generation. The world changes very quickly, and what's useful today may not be useful tomorrow. That's what Warren Buffett didn't want to see, in my opinion.

 

[Min George]

I won't blame Warren Buffet for his negative opinion about bitcoin. It was the same opinion that most of us had about bitcoin before.

 

[Nomad]

He made money from the traditional market, he is not a tech person and he is also very old to understand the future

 

[kit_hung]

Warren Buffett is one of the prominent people who oppose Bitcoin and he is very critical, in 2018, Buffet said that Bitcoin will end badly or harm its investors. Buffet even considers Bitcoin to be rat poison that will bankrupt its investors. However, after Trump became US president, the price of Bitcoin began to soar, so that many countries and institutions adopted Bitcoin and even banks in America were also ready to sell Bitcoin. So in your opinion, is Buffet's opinion about Bitcoin wrong?

Warren Buffett’s views on Bitcoin are based on his long-term view of value investing. He believes in assets with a solid foundation, so Bitcoin is risky for him. However, Bitcoin’s success since Trump took office shows that technology is changing rapidly.

Bitcoin has attracted the attention of many institutions and even banks, which shows that it is not an idea to be ignored. While there are risks, there are also opportunities for those who learn and take precautions. These developments prove that the financial market is changing.

Therefore, it is not correct to say that Buffett was completely wrong. He warned from a cautious perspective, but market movements can exceed initial expectations. Investing requires understanding and monitoring trends.