Warren Buffett and Charlie Munger continue to indirectly promote Bitcoin

The annual shareholders' meeting in Berkshire Hathaway took place last weekend. Due to the COVID-19 pandemic, the event took place online. If you haven't, you can watch it again on YouTube.

I want you to see this👇

source

In the Bitcoin world, Warren Buffett is hated by many investors.

However, we cannot hide the fact that he remains one of the largest investors in history. So let's see what he says even if I don't agree with what he thinks about Bitcoin.

Like everyone else, Warren Buffet made mistakes.

It's always interesting to hear what Warren Buffett and Charlie Munger have to say

At this annual Berkshire Hathaway event, Warren Buffett and Charlie Munger commented on their business, the various companies they own, and other information about the top philosophy.

The fact that they built a massive $ 630 billion investment empire is impressive. He is helping Warren Buffett make a fortune of over $ 100 billion, while Charlie Munger is about $ 2 billion.

And there you go, several journalists took the opportunity to ask Warren Buffett and Charlie Munger what they think about Bitcoin and cryptocurrencies in general.

Journalists suspect that Ohama's sage and his long-time partner have not yet changed their position on Bitcoin, which Warren Buffett has called a "rat killer" in the past. However, creating unnecessary controversy to sell and attract new investors is probably part of their job.
Currently, Buffet is doing this quite successfully.

Warren Buffet thinks while Charlie Munger continues to attack Bitcoin directly

Warren Buffett is still opposed to Bitcoin, but now he realizes that he is increasingly isolated in this position. That would not have changed his mind, because it was part of his investment principle: "never follow the crowd blindly."

However, he did not want to talk about Bitcoin to avoid the fight against the growing number of investors who support the king of digital money.

Charlie Munger is more openly opposed to Bitcoin.

HOW ABOUT you check these two players and their exact words here, after you read, vote, and comment on my article Hihi!

Now, allow me to continue.

PERSPECTIVE GAPS AND LACK OF A COMPLEX UNDERSTANDING
OR

JUST BLUFFING....

Their objections to Bitcoin are not illogical when you remember that two investment geniuses do not understand the world of technology

source

Charlie Munger continues to be blinded by outdated anti-Bitcoin arguments.

Munger went on to explain that he is disgusted with the success and growing popularity of Bitcoin.

The fact that Warren Buffett and Charlie Munger have continued to harshly criticize me on Bitcoin seems to me a good thing for cryptocurrencies in general and for Bitcoin in particular. There are two representatives of the previous generation. This generation is rarely updated to understand new technologies.

Berkshire Hathaway missed the change to Google, Amazon, Apple, and Facebook in the early 2000s. Warren Buffett and Charlie Munger later made up for it by buying Amazon, but it was also a missed opportunity.

Berkshire Hathaway has not captured the stock market

These two geniuses of investment do not adapt to the changes of the world. Since the 2008 economic crisis, Berkshire Hathaway has been beaten by the Nasdaq and the S&P 500 as a performance:

Of course, Berkshire Hathaway has nothing to be ashamed of with a + 388% increase, but the S&P 500 is + 444%, while the Nasdaq is + 848%.

Warren Buffett and Charlie Munger seem to have lost the tools to break the stock market, and newer rules have been in place since the tech companies were born in the early 2000s.

Their constant and loud cry was indirectly a perfect promotional campaign for Bitcoin

The fact that these two investment legends cannot stop the technological wave in the financial markets means that they will not be able to stop the inevitable rally of Bitcoin in the coming years. In a world where everything is digital, the success of Bitcoin is inevitable.

Faced with the wave of monetary inflation we are experiencing, Warren Buffett and Charlie Munger chose to do nothing, while Berkshire Hathaway had more than $ 145 billion in cash.

As antagonists of gold, they clearly will not invest in this precious metal. In practice, switching to the Bitcoin alternative to gold is not an option. Their amount of cash will depreciate quickly IF they do not take action.

Instead, Warren Buffett simply came up with a phrase that helped him succeed for decades:

"Never Go Against America"

The US is likely to recover more strongly after the economic crisis, but the shortcomings of the current monetary system will persist. The fact that Warren Buffett and Charlie Munger choose to do nothing says a lot about their thinking. They are afraid to develop and adapt to a new, more accurate system, Bitcoin.

Because of its core, the fear that Warren Buffett and Charlie Munger repeatedly express about Bitcoin represents a whole generation of people who have continued to refuse to hand over the wealth of the new generations - who have embraced it. I'm getting into the Bitcoin revolution.

This fear of theirs is an effective, at least indirect, a promotional campaign for Bitcoin.

I've always said that you shouldn't invest blindly in pursuing others. This also applies to the purchase of Bitcoin. So listen to Warren Buffett and Charlie Munger's criticism, but look away. If you can do that, you will understand what is behind it: the fear that Bitcoin will create a fairer system for many.

The next time you hear protests against Bitcoin from the older generation, think of it as a sign that Bitcoin is a unique opportunity in life that you should definitely embrace.

I've hacked my ego long and lost 2 BTC accounts since 2013. Some of you know that about me already. Bad luck!
I'm both a winner and a loser. So, I am using the time to my advantage now. To understand the global movements, make smart investments, and gain on the way with more prudence.

I'm looking forward to reading your opinions on this article. Anything can help me and others.

Thank you for stopping by!

With respect,
@regenerette

Posted Using LeoFinance ^Beta