And this right here is the golden nugget. Buffet is of course very happy with the old way of doing things. The old way certainly doesn't serve the most people nearly as well as the ones on the very top. Its not surprising that a person who has everything doesn't want anything to change. If you ask smart people "what is the best way to bring equality to the most people", I am sure that somewhere in there would be a phrase along the lines of "get the government out of the business of manipulating money".
When you are benefiting from any type of manipulation, of course you don't want that manipulation to stop. I don't see what Bitcoin has to produce. The fact that it doesn't produce anything is a benefit. It only has one purpose really, a store of value.
Look at housing. It used to be for providing a roof over people's heads. Now its used as a store of value, inflation hedge, income stream, and along with this has caused homelessness, inequality, money laundering, and the list goes on. Housing was much better when it did only one thing.
Considering how closely Buffet is tied to the government politics, I don't expect him to praise Bitcoin. But its very obvious to me that he isn't trying to make the world a better place for the majority, but rather just for his inner circle.
