[xerxespoy]

Warren Buffet has lost his fortune many times over by failing to invest a small high-risk portion of it in Bitcoin since he first heard of it and passed judgement on it. [0]

Most people claiming to understand the technology clearly have little grasp of its wider implications.

Its honestly a bit tiresome to reply to people who say, after 12 years consistent value increase, and a trillion-dollar market cap that its somehow a useless ponzi.

If it is, it's the most successful and self-sustaining ever, and for that alone could well deserve merit even ignoring anything else...

Edit to add: [0] - Warren Buffet first expressed negative sentiment on Bitcoin in March 2014 (https://coindesk.com/warren-buffet-bitcoin-currency ). The price in March 2014 was ~$550. Assuming a 5% portfolio position in Bitcoin held until now, equates to a 4x overwhelm of the entire portfolio at the time of entry (an 80x increase in value of the Bitcoin portion).

[Closi]

Lost his fortune? He is worth 85 billion dollars, mainly through his trading strategy of only investing in things that have good fundamentals. He didn't get rich by investing in purely speculative instruments that don't have any fundamentals.

Could he have made money if he could see into the future and see bitcoin's current price? Yes, but it's hard to predict how many new buyers will continue to enter Bitcoin.

https://www.youtube.com/watch?v=PxA7sH5ZqLA

I completely agree with his assessment. Bitcoin's value depends entirely on new people joining the bitcoin market - the second that stops the bubble pops, you just can't tell when it's going to pop.

[BitwiseFool]

Warren Buffet, while amazingly successful, never innovates or creates anything new. His M.O. is to buy already successful companies that need cost cutting and streamlining. I would never expect him to endorse new technology.

But to be fair, he did merge Kraft and Heinz which lead to Kranch and Mayochup, which are revolutionary in their own right.