Warren Buffet still curving Bitcoin and Gold after all the data. I get it, crypto currency can be difficult to wrap your mind around, but I feel like Buffet did not even give it a chance. On today's show I breakdown an article "Tama on Cryptocurrencies", dated June 12.
My favorite lines in the article.
"The deeper point is that bitcoin has a store of value… functions just like gold does… and can function as a stateless currency and a form of insurance against monetary chaos… just as gold has done for thousands of years. And bitcoin only needs to take a fraction of gold’s market share to do well.
That is why Buffett and Munger, though legendary value investors, are dead wrong about bitcoin."
Good investing,
Richard Smith, PhD
CEO & Founder, TradeSmith
Check out the show as CO2 unpacks the article.
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