Warren Buffett says virtual currency

1. Investors asked Mr. Buffett what he thought of bitcoin, which has been popular recently. In this regard, both Mr. Buffett and Mr. Munger said they knew nothing about this and clearly pointed out that they were not optimistic about this virtual currency. "None of our $49 billion in cash is bitcoin," Mr. Buffett said Munger said, "bitcoin will not become a universal currency. I have no confidence in it. "

2.

The former richest man in the United States and the world, Warren Buffett, recently expressed his views on cryptocurrency at a general meeting of shareholders

"not everything is called investment. You pay attention to the investment itself and the value it proces, such as a house, an enterprise or even a farm. These are called investments because they generate added value. But digital currency and bitcoin are not. They don't proce any additional things. They are also virtual. Rather than investing in them, you hope that the next order will come soon. It's speculation, that's gambling. "

" I started buying stocks at the age of 11, stock market crash, technology bubble, bear market and financial crisis, all of which I have experienced. I don't know when and why the bad results will happen, but what I know is that I won't invest in bitcoin. In the future, bitcoin may become a situation that all investors do not want to see. "

Warren Buffett really has his own unique view. When American blue chip companies and IBM began to accept blockchain and develop it, multi gold Warren Buffett still didn't buy this encryption technology. Of course, he has been singing down bitcoin more than once. On many public occasions, Buffett has been expressing his idea of not looking at bitcoin

in fact, considering the short position explosion of 460000 bitcoin by a well-known trading platform before, what Buffett said is not unreasonable

the biggest slogan of bitcoin is nothing more than" decentralization ", but in the end, it still has to rely on the [centralized] currency exchange. As a result, it has been teased and become leeks to be cut

I think blockchain may change the world, but it is definitely not used in cryptocurrency such as bitcoin

3. Take a look at the game control
there should be key settings over there
but one of the chain mining presets I know seems to press v

4.

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 trend

and 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

5.

bus line: No.52 → Metro Line 2, the whole journey is about 34.3km

1. Walk about 50m from Chongcun to Chongcun station

2. Take No.52, pass 6 stops, and reach Jingu Road Station

3. Walk about 310m to Jingu Road Station

4. Take Metro Line 2, pass 21 stops, Arrive at Suzhou railway station

5. Walk about 120 meters to Suzhou railway station

6.

I agree with Warren Buffett's view and statement

In an interview with CNBC on Wednesday, January 10, Mr. Buffett said: "it's almost certain that digital currency will end in tragedy. I will never hold any digital currency myself. But I don't know the form of tragedy. "“ If I could buy a five-year put option on all cryptocurrencies, I'd be happy to do it, but I'll never be short at all. " In explaining why he didn't short, Buffett hinted that he didn't understand digital currency and asked, "why should I long or short something I don't understand at all?" Interestingly, one day before Buffett's remarks, Dimon, the king of Wall Street who lashed out at bitcoin and other digital currencies last year, took a big turn

< / blockquote >

in a word, once bitcoin collapses, it will be a serious tragedy for many bitcoin holders, and such a moment will surely come