Quote:
Originally Posted by tophcfa
Warren Buffett, indisputably one of the most respected investors ever, stated he wouldn’t buy all the Bitcoin in the world for $25. Buffett believes assets have to have value, deliver something to somebody. He said he would gladly write a check for $25 billion for either 1% of all the farmland our apartment buildings in the country, those assets produce food and rent, but Bitcoin produces nothing. He further stated that the only thing one can do with Bitcoin is hope someone will be willing to buy it back and that it undermines the Federal Reserve system. In his strongest statement, Buffett said that Bitcoin is “probably rat poison squared”.
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To the OP, what was your motivation in creating this thread? I sense you are frustrated and are lashing out at crypto currency. I can sympathize, your hard earned dollars are diminishing at an advertised rate of 8 to 10% and the true purchasing power lost is likely much higher.
Sounds like you would benefit from coming to a Villages crypto currency club meeting. We actually have one tomorrow morning at the Water Lily rec center from 9am to 11am in person and we also have weekly virtual meetings Saturday mornings. Members of the crypto club can help teach you how to gain that to 8 to 10% back in interest bearing defi accounts.
If anyone in this thread would like more information and would like to have a constructive conversation about bitcoin and other crypto currencies reach out to me at
dylanwaynetodd@gmail.com
Cheers,
Dylan