He would buy low and sell high. You should google “Warren Buffet silver market”. He doesn’t always tell the public what he’s doing.Right
Thing with Warren is he usually buys when everyone else is selling. You'd have thought he'd have been scooping it up when it was 20k or lower if he was interested. I'm pretty sure he doesn't worry about missing out.
The speculators are buying BTC so that they can get rich. Warren is already rich.
The companies he buys produce something. They throw off cash every year. If Warren were to buy BTC, how would he make money?
Charlie Munger on Cryptocurrencies
- Thread starter Frederick Foresight
- Start date
So I did that and what I found is that his investment in silver had to do with th fact that it was undervalued and silver has significant industrial uses. BTC has no industial uses I'm aware of, and how could you tell it was undervalued?
He eventually has to reveal what he is doing. (Form 13F)
You kidding?
Okay, I'll bite. What industrial uses does BTC have?
Its not a physical thing ... it obvious doesn't have "industrial" uses
Bitcoin currently has no use other than storing wealth. I can’t figure out how it does that but I really don’t care. I currently think the cards are stacked for a stupid crazy up move so here I am. In other markets it try to avoid these forum discussions because I’m confident in my strategy and know a lot about the markets I trade. BTC is a mystery to me but there’s too much momentum behind to no try to participate. I hope all these crazy people are right!
its like musk talking about buggy whips.
It seemed obvious to me crypto was going to out-live Munger, despite his flawed assumptions and big speeches. Unfortunately, not only do I know it now, and you know it, and every bear knows it.... Munger can't possibly know it. He's dead!
Either way, he was wrong, wrong, wrong. What a way to go.
Buffett, you're next.
Either way, he was wrong, wrong, wrong. What a way to go.
Buffett, you're next.