WARREN BUFFET trashes BITCOIN
Warren Buffet is arguably the smartest and maybe the richest investor in the world.
He trashes Bitcoin saying it is not investing….it is speculation….. ie gambling.
He is saying a blow off top will wipe out Bitcoiners.
And from his worldly view he may be right.
Yet WB sells stocks, bonds, and other Wall Street manufactured “assets.”
Doesn’t WB know that stocks crash, real estate crashes, and US govt Bonds the “safest” investments in the world are at present being “dumped” by the Japanese and Chinese Central Bsnks?
I own gold mines, gold and silver coins for the same reason I own Bitcoin and Ethereum.
My reason is: I do not trust the Federal Reserve Bank, US Treasury, or Wall Street. Apparently Buffet does. I think they’re tight.
I invest in Bitcoin and Ethereum knowing they can boom and bust, because the Fed, the US Treasury, nor Buffet can produce Bitcoin or crypto.
If you have followed my “Tweets” I classify real gold and silver as “God’s Money”
I classify Bitvoin, Ethereum and crypto as “People’s Money”
I classify Fed, US Government, and Wall Street money as “Fake Money.”
I own real gold , silver, and Bitcoin… I will never invest in gold, silver, or Bitcoin ETFs…. Fake gold, silver, and Bitcoin…. Wall Street or Buffer’s money.
You can if you want. I prefer “real”
or “people’s money.”
I trust “Block Chain” more than Big 8 CPA firm…or any accounting firm auditing Walk Street money.
Neither do I invest in fake, paper real estate, call REITS.
ETFs and REITS are along with stocks, bonds, mutual funds….printed money….aka “counterfeit money.”
I do not live in a paper house or put paper gas in my car or eat paper apples.
Why would I invest in paper assets when real assets are available?
The reason why most people invest in fake assets is because our Marxist school systems do not teach financial education, which is why I created the Cashfliw Boardgame, wrote Rich Dad poor Dad and founded the Rich Dad Company 25 years ago
Q: WHY DO INVEST?
A: As stated earlier. I do not trust the FED…..which is not federal nor a bank nor does the Fed have reserves.
I do not trust the US Treadury to spend tax dollars wisely….. most of our tax dollars go for war or welfare programs…. Which is why the US is now the biggest debtor nation in history….and will soon be forced to print trillions in US Treasuries….which Buffet and Wall Street LOVE because it makes them richer but the average person poorer, due to inflation and taxation.
I invest because I am not stupid…. although I was a failure in High
School… because according to my English teachers….i could not write… although today I am known as an international best selling author for over 25-years.
You do not need an MBA from a Marxist institution of higher learning to know:
1: The Goverment cannot keep printing money to pay its bills….
just as you or I cannot use our credit card to pay for what we cannot afford.
2: There will be only 21 million Bitcoins,
Fake Government money is unlimited….infinite.
That means Bitcoin increases in value as the US dollar goes down in purchasing power.
That is why 25-years ago, in Rich Dad Poor Dad, I was attacked for saying “Savers are Losers.”
You do not need to be a graduate of Harvard or Yale to know that saving fake “infinitly printed” money is stupid.
Take care.
The Cost Of Our Inheritance: A Generation's Vision For Ethical Money
One of the most personal and important keynotes I've ever given on broken money, generational injustice, and Bitcoin as our moral imperative.
The future isn't something we wait for, it's something we build ✊
@adistyaa@JoshMandell6 You are right maybe it was but ww3 at the door negative for any market and still BTC stands strong, I guess only time will tell if 444 becomes the new 100
People are warning me in advance that they are going to sell at 400K and 420K to front-run my 444K target. But maybe I will actually sell at 427K or 454K.
You don't know who am I.
I liked big blocks, and I cannot lie.
This planet is supposed to be a Heaven on Earth. It is an amusement park, an amazing simulation, which those who possess agency are supposed to enjoy.
Bitcoin is supposed to represent the ticket to ride, again and again and again.
I think your point is clear and irrefutable. No one here can deny.
The security of blockchain is being able to verify in a trust-less world. I love it because I can track the flow of my coin.
Why do we only have this "Saylor Tracker" chart that could be created by a 10 yr old with Excel? Are we tracking Mr. Saylor or the hardest asset on earth. Isn't the on-chain evidence what makes it hard?
This is definitely not making me hard.