RE: BTC - We are likely just getting started
Thanks for this post. I wrote recently about a Forbes article highlighting how billionaires are quietly buying boatloads of this asset. Something tells me they're learning more in their Bilderberg meetings than the common man is privy to.
Even though Buffett hasn't personally invested, I'm sure his kids and grandkids, etc. have bought up shares for future heirs. Now, that said, the day Buffett announces he's all in on this asset, it will dang-near literally 'go to the moon' for a season.
Wouldn't it be a hoot if he's holding out until these said billionaires buy up enough at current 'low' prices, so they can benefit from this huge pump that would occur...just a theory...just a thought.
Btw, just shy of two years in crypto, I'm still in the learning phase. I couldn't help but notice that on checking my OpenLedger account they have BTC on 'lockdown', just as conveniently done when Steem sky-rocketed a few months back...I really hope this is short-term for maintenance.
Best regards.
Peace.
It would be a hoot for sure. Though, knowing how Buffet picks his investments I don't think he would ever buy bitcoin, unless it started paying a dividend. He's also not a fan of owning gold for the same reason. He likes things that generate cash flows and pay dividends.
Yes, his staunch line of decision-making has cost him much through the years. He acknowledges this, and remains true to his perception of good and bad investments...respected though not necessarily wise.
Peace.
I remember reading about him selling calls on his early investments as well.
Yep and he will be the first to admit he got lucky quite a bit.