Talk of The Villages Florida - View Single Post - Warren Buffett and Bitcoin
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Old 05-03-2022, 03:34 PM
Boston-Sean Boston-Sean is offline
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This thread should be forwarded to our new ministry of truth. Several posters would be indicted for misinformation.

I'll add one more thing ... BTC has been trading since 2011. It's currently at $38K. It's only traded above $38K for a little over a year. So every purchase made for the first 10 years was at a price below what it's trading at today. Pretty much all the HODL'ers are ahead of the game. Some of us by a LOT.

OK, 2 more things. Bitcoin IS exclusive. Only about 2 million more will ever be mined. Unlike those green pieces of paper in your wallets which get created out of thin air daily. The exclusivity is what sets BTC apart from Fiat currencies.

Ethereum is the only other significant crypto and serves a different purpose than Bitcoin. If you want to compare 99% of the rest of crypto's to tulips go ahead. But not Bitcoin.