Buffett sings the same old song

Buffett sings the same old song
The legendary US investor and pronounced critics of cryptocurrencies-Warren Buffett-started another bashing manifest against Bitcoin and classified it as a "gambling token".
He argued that most people invest in search of "easy money" in it, and warned that the striving to be rich in a short time is rising.
throw stones on Bitcoin ... again
againAlthough Bitcoin in the middle of massive financial uncertainty has increased by over 80 % since the beginning of the year, some people may never change their negative attitude. One of these people is the American economic magnate, philanthropic and chair of Berkshire Hathaway - Warren Buffett.
"Bitcoin is a gambling token and has no inner value. But that doesn't stop people from wanting to play roulette."
The Oracle of Omaha showed its negativity to the sector in 2018, Appeal Bitcoin "Rattenchment" "Will take a bad end". In contrast to his attitude, BTC is still here and has made several progress in the following years. The assessment of the assets has increased by over 215 % since he made these comments. In addition, Bitcoin has become legal means of payment in some countries (El Salvador and the Central African Republic), has increased its popularity in broad society (especially during current financial turbulence, in which Fiat currency was devalued) and was seen as an alternative to Bitcoin. Remember that US supervisory authorities Preserver-Spaces = "True"> closed Some financial institutions, including the Silicon Valley Bank (SVB), the signature bank and silver Capital, due to serious operational difficulties in March. At the same time, Buffett is known as a passionate supporter of the US banking system. The main advantages of Bitcoin result from the fact that it is decentralized without a central authority and a fixed maximum amount of 21 million coins. On the other hand, central banks can print cash unlimited cash and thus trigger a galloping inflation. Paper money also remains the most frequently used payment method of criminals in matters such as drug trafficking, prostitution, terrorism financing and more. Another person who is a pronounced opponent of the cryptocurrency industry is the deputy chairman of Berkshire Hathaway-Charlie Munger. The 99-year-old American Wish 2021 The investment class was "never invented". He also advised to keep people away from crypto by classifying, and describing it as "an open sewage channel full of malignant organisms" Bitcoin as a asset that promotes child prostitution, kidnapping and other crimes. some believe that Buffett and Munger publish such bashing manifest because they do not understand the industry or are in a phase of their career in which it is too late for changes. Such a thesis was represented last year by the founder of Skybridge Capital - Anthony Scaramucci -
"This type of traditional finance has decided not to do the homework, or maybe you did your homework, and you have decided that it is simply too much change for you in this phase of your career."
. Warren Buffett, CNBC
Buffett's right hand shares the same view