Why do Warren Buffett and Charlie Munger hate Bitcoin?

[pokxon]

Since it was created by Satoshi, Bitcoin has become an extremely popular name in the world, opening up a new light for humanity. There are many people who criticize Bitcoin and see Bitcoin as a currency revolution, but Omaha's most prominent investor - Warren Buffett and his friend Charlie Munger refer to Bitcoin as "rat poison."  and "dementia". I am a believer in Bitcoin and CryptoCurrencies, but when the elite and most experienced people in the world invest in Bitcoin, I definitely have to find out. Why are they saying that?

[MelchiZedek]

Imagine someone like Warren Buffet who has used many years of hard work to build riches which cryptocurriencies could give someone within the shortest possible time, do you expect him to like it? Also cryptocurrencies seem to be a treat to the stock market since their inception. Crypto can give you more profit so the more people become aware of it, the more they invest into it rather than stock exchange. And you know Warren Buffet is a stock broker.

[laughingburger]

Since it was created by Satoshi, Bitcoin has become an extremely popular name in the world, opening up a new light for humanity. There are many people who criticize Bitcoin and see Bitcoin as a currency revolution, but Omaha's most prominent investor - Warren Buffett and his friend Charlie Munger refer to Bitcoin as "rat poison."  and "dementia". I am a believer in Bitcoin and CryptoCurrencies, but when the elite and most experienced people in the world invest in Bitcoin, I definitely have to find out. Why are they saying that?

What i think is that crypto must have some conflict of interest with what he is doing. Sine he is someone that build his wealth from investment trading he should be more open to new investment instrument like crypto but he choose to hate it.

[xeroz]

I don't care about what Warren Buffett and Charlie Munger said about Bitcoin. I believe in Bitcoin. Let them hate Bitcoin, but we just go on with our efforts and dream in Crypto.   

[CryptoZenWorld]

I also like bitcoin. The idea and technology behind Bitcoin is great. This technology helps people to come in equality by the decentralized theory.  This Bitcoin gives chance to everyone to become wealthy rather than the rich person.

In our traditional economic system, rich become richer. There are less chance for middle-class and poor people.

So, it doesn't matter what Warren Buffet says now. It is the currency of common people.

[pokxon]

I don't care about what Warren Buffett and Charlie Munger said about Bitcoin. I believe in Bitcoin. Let them hate Bitcoin, but we just go on with our efforts and dream in Crypto.   

I agree with your opinion. No matter what they say, just have faith in it

[husanchaika]

Since it was created by Satoshi, Bitcoin has become an extremely popular name in the world, opening up a new light for humanity. There are many people who criticize Bitcoin and see Bitcoin as a currency revolution, but Omaha's most prominent investor - Warren Buffett and his friend Charlie Munger refer to Bitcoin as "rat poison."  and "dementia". I am a believer in Bitcoin and CryptoCurrencies, but when the elite and most experienced people in the world invest in Bitcoin, I definitely have to find out. Why are they saying that?

Warren Buffet is not a venture capitalist, he'd rather buy Coca-Cola and McDonald's instead of Google and Amazon at their beginnings.
Even with Aple (AAPL) he buyed it at time when the company was at its highs.
So I wouldn't care what he talks about crypto.
Recently watched his interview with CNBC where he blamed his stupidity for not buying Amazon shares when they were cheap enough.
These are the things you need to know about Warren Buffet and his partner.

[Falcon]

Since it was created by Satoshi, Bitcoin has become an extremely popular name in the world, opening up a new light for humanity. There are many people who criticize Bitcoin and see Bitcoin as a currency revolution, but Omaha's most prominent investor - Warren Buffett and his friend Charlie Munger refer to Bitcoin as "rat poison."  and "dementia". I am a believer in Bitcoin and CryptoCurrencies, but when the elite and most experienced people in the world invest in Bitcoin, I definitely have to find out. Why are they saying that?

Suppose you give us the links or sites in order to see if this issue is reliable or not. That would be perfect to do to make it worhty to rely because Warren Buffett is one of the big investors.

[husanchaika]

Imagine someone like Warren Buffet who has used many years of hard work to build riches which cryptocurriencies could give someone within the shortest possible time, do you expect him to like it? Also cryptocurrencies seem to be a treat to the stock market since their inception. Crypto can give you more profit so the more people become aware of it, the more they invest into it rather than stock exchange. And you know Warren Buffet is a stock broker.

I don't think that there's personal factors of him that he doesn't like another one who makes a fortune equally to his in a few years, rather than decades.
Mostly rich people won't envy other riches just because of fortune.
I would say it's rather because he doesn't understand the crypto, that's it.

[husanchaika]

Since it was created by Satoshi, Bitcoin has become an extremely popular name in the world, opening up a new light for humanity. There are many people who criticize Bitcoin and see Bitcoin as a currency revolution, but Omaha's most prominent investor - Warren Buffett and his friend Charlie Munger refer to Bitcoin as "rat poison."  and "dementia". I am a believer in Bitcoin and CryptoCurrencies, but when the elite and most experienced people in the world invest in Bitcoin, I definitely have to find out. Why are they saying that?

Suppose you give us the links or sites in order to see if this issue is reliable or not. That would be perfect to do to make it worhty to rely because Warren Buffett is one of the big investors.

Every investor has its own field of practice.
Warren Buffett never took any action in crypto world.
Imagine one day you will be as influential person as Warren Buffett, but that doesn't mean you know all things under the Sun.

[owmivmen]

Yes bitcoin becomes the current trend. many are interested in investing in bitcoin so bitcoin increases. but before investing in the crypto world, it is better to know the function of the crypto. do not get easily affected by people who say investing in crypto is always profitable.

[jonathancool220]

I think Warren Buffet is jealous of cryptocurrency, because he created his old business to achieve glory.

The cryptoccurency makes a person the same degree, my friend who graduated from junior high school can buy a car and a house in just 2 years.