Buffett does not invest in bitcoin
In an interview with Yahoo Finance in Nebraska, Buffett once again despised digital currency investment, saying that "buying bitcoin is not an investment"
According to Buffett, people usually buy two kinds of things, one is a real investment, the other is not. Bitcoin belongs to the latterBuffett believes that when buying cryptocurrency, it is not investment but speculation“ There's nothing wrong with that. If you want to gamble, someone will come tomorrow and be willing to pay more. This is a kind of gambling. It's not an investment. "
this is not the first time that Buffett has lashed out at bitcoin and the virtual money market. In January 2018, Buffett predicted that cryptocurrency would definitely have a "bad ending"< At that time, Buffett said in an interview: "I don't know when and how the bad results will happen, but what I know is that if I am asked to buy long-term put options, I will buy five-year put options for each cryptocurrency. I'll be happy to do that, but I won't invest a dime in it. "< In the end, Buffett concluded that cryptocurrency is a decent business, but what is happening will eventually become a bad ending that everyone can see
from: surging news
agree with Buffett's point of view
because Buffett thinks bitcoin belongs to the game of opportunists
for a famous investor like Warren Buffett, he simply despises bitcoin, because he thinks that bitcoin belongs to speculation, not value investment, or even investment
Buffett has been avoiding bitcoin
I remember that many people interviewed Mr. Buffett about his views on bitcoin. Mr. Buffett has always said that he does not recommend us to hype bitcoin, and at the same time, he does not look at bitcoin. Many people will regard Buffett as their idol, because he is outstanding in his investment career. His annualized rate of return has reached 20%, and he has persisted for decades< although bitcoin has increased hundreds of times in recent years, Buffett has never been involved in bitcoin { RRRRR}
If a person really wants to allocate his assets through investment, I think he'd better plan his investment mode reasonably. It doesn't matter if he doesn't make money, but at least he should not lose your principal
The main reasons why Warren Buffett does not invest in bitcoin are as follows:
1
the biggest focus of the general meeting of shareholders of Warren Buffett should be on the topic of bitcoin. Warren Buffett didn't express any opinions. Munger attacked bitcoin. Both the two old people showed their disapproval of bitcoin, which surprised many people. The main reason why Warren Buffett doesn't invest in bitcoin is that he is not familiar with bitcoin, and he will not invest in things that are not familiar with experts of this level; There is no reference for bitcoin. The price is so high that it is beyond his cognitive range. Warren Buffett is a value investor. He basically buys bitcoin when the stock price is low. It is obvious that bitcoin is not undervalued. Warren Buffett can fully understand why he does not invest in bitcoin
Third, Warren Buffett is a value investor. Bitcoin is obviously not undervalued.Buffett's investment philosophy is very simple. He buys when undervalued and sells when high. Bitcoin's current position is definitely not low, and there is no undervaluation, which is obviously not suitable for Buffett's buying strategy. This is the reason why Buffett did not invest in bitcoin
1. Walk about 80m from wolongqiao north station to wolongqiao North Station
2. Take No.69, pass 28 stops and reach wanzhongxingyuan station
3. Walk about 460 meters to Fukang intersection station of Dongfeng Motor Avenue
4. Take No.80, pass 6 stops and reach Lugang company station of free trade zone
5. Walk about 980 meters, Arrive at Suning high tech logistics center
bus line: Metro Line 2, the whole journey is about 1.3km
1. Take Metro Line 2 from Shenyang north station, pass by one station, and reach the financial center station
2. Walk about 490m to the financial center shopping plaza
I have a very good friend from the beginning of University. He is good at everything, that is, he has a very persistent pursuit of money. When I was in school, I began to get in touch with stock speculation. At the beginning, I made a little money. Later, I graally lost myself in the stock market and lost a lot of money. After the failure of the stock market, I started to play bitcoin again. These years, I have wasted time between the stock market and bitcoin. Personally, I don't watch bitcoin. The God of stock & mdash; Buffett is not particularly optimistic about bitcoin, and he refuses to discuss bitcoin. What is the situation
< blockquote >up to now, it's rare to have negative comments on bitcoin. But Buffett and Munger are obviously the most famous of them. In fact, it's not that Buffett hates bitcoin so much, but that he hates any investment proct that can't generate sustainable cash flow. This is determined by the investment philosophy of Buffett. Buffett's investment philosophy has achieved great success, especially in the 1960s and 1970s in the United States. Purchasing enterprises with continuous cash flow has basically become the standard configuration of value investment. Value investment also constitutes one of the cornerstones of modern investment philosophy. But any investment idea is applicable. For example, Newton's classical mechanics only applies to the macro world, not to the micro world and high-speed world. Buffett's investment philosophy is very suitable for enterprises that can continuously generate cash flow, but it can't be applied to enterprises that can't generate cash flow in the short term
< / blockquote >What do you think is the reason why Buffett refused to discuss virtual currency
I don't know why Buffett refused to discuss bitcoin, but I think it may be that he doesn't value bitcoin very much