Digital currency replaces stock
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
Buffett's behoove is a matter of course, because the emergence of bitcoin is a bubble or a new monetary revolution. P>
last November, Buffett published in the Journal Forbes, calling bitcoin "a hundred percent bubble": "you can't determine the price of bitcoin because it can't create value... From this perspective, it is a hundred percent bubble." It doesn't make sense at all. This thing is outside the supervision and control. Neither the US Federal Reserve nor other central banks can monitor it. I don't believe it at all. I think it's going to collapse sooner or later. " In Buffett's Berkshire Hathaway company, his partner Charlie Munger has similar ideas. At the end of November last year, Munger said at University of Michigan's Ross School of business: bitcoin is a bad idea. It's a crazy bubble. It's also a bad idea! p> < / blockquote >
in short, the price of bitcoin is rising, which makes many people hot. But in the long run, there is no doubt that bitcoin will collapse
the main reason is that the idea of Warren Buffett is very traditional, which can be seen from the investment in monopoly instries. When he bought high-tech stocks for the first time, he chose IBM and Intel, which are indeed excellent big companies. But in the era of the rise of mobile, choosing Intel is puzzling. This investment is a mistake, and Buffett still looks at emerging things with traditional eyes
Mr. Buffett once advised people not to believe in Wall Street, listen to rumors and have their own judgment. Bitcoin is too speculative. It has experienced several ups and downs. For the stock god, there is no need to follow the example of speculators to make a lot of money.
At a time when people almost regard Mr. Buffett as once brilliant, but now it's a thing of the past, dramatic changes have taken place. On April 14, 2002, the New York stock market suffered a "Black Friday" stock disaster, and the technology stocks of NASDAQ suffered a crash, especially the Internet stocks, which fell more than half, In a few days, the U.S. stock market lost $2 trillion, and almost half of the wealth of Bill Gates and other new economic tycoons "disappeared". However, Warren Buffett's stock rose against the market and made a net profit of $570 million overnight. People have to re understand his investment philosophy. This is exactly what Warren Buffett said: "only when the tide goes down, can we have a better understanding of his investment philosophy, You know who's been swimming naked all the time. "
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