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    Author Topic: "Bitcoin is Speculation & Gambling" - Warren Buffett Critisize  (Read 368 times)
    hatshepsut93
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    April 15, 2023, 03:44:08 PM
     #21

    Buffet only invests in assets that generate value. He hates speculative trading, and Bitcoin is the pinnacle of speculation. Buffet will never buy Bitcoin, because it's impossible to predict where it will go next. It can crash to $100 tomorrow just as easily as it can rise to $1,000,000. It's indeed close to gambling, but it's not gambling, because in gambling the odds are known, fixed and are stacked against the player. In Bitcoin no one has the slightest clue of what its value should be. Everyone is just projecting their feelings when they make price predictions.
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