Many people are not optimistic about digital currency
The answer is yes. < / EM >
① the rise of Warren Buffett
Warren Buffett does not look at the valuation, only looks at the quarterly financial statements, and makes analysis and investment according to the quarterly financial statements. Only if the investment cycle is long enough can quarterly analysis work
Therefore, most of his investments are in instries closely related to our lives, such as banking, medicine, oil and beverage. These are traditional instries that everyone touches every day. These companies can maintain a good upward trendand digital currency is more difficult to understand than the Internet of things. Digital currency has no concept of cash flow and quarterly financial statements. It can only carry out basic valuation according to the comparison of similar projects, and there is no clear valuation model
based on financial statements, Warren Buffett certainly can't accept such a minimalist financial report, an incomprehensible and imprecise economic model, which may be explained only by a fraud in his eyes. In Buffett's eyes, digital currency has no intrinsic value support
digital currency is the further development of electronic currency, which is a trend, but not a reality. The current digital currency has not been fully accepted by the world, and it is still in the development stage. It is OK to play digital currency, but don't inlge in it too much
many people are not optimistic about digital currency. On the one hand, it has no national boundaries and infringes on the interests of many people. On the other hand, it still has its own limitations and needs time to develop< In a word, the future is bright, but the road is tortuous
I hope my answer will be helpful to you, please accept it, thank you!