I Miss Spelled.
It’s Buffett with two t-s.
A recent edition Fortune Magazine put Sam Bankman-Fried on its cover with the lead, “The Next Warren Buffett?”
Summary: Two old rich dudes take 76 seconds to tell you they don’t care for cryptocurrency.
You’re welcome.
He has spoken negatively about gold too…
I lost a bunch of $$$ in my IRA when the .com market crashed in the 90s so me investing in electronic money ....NO WAY
There is no intrinsic value with crypto. That it has the illusion of being out of the governments reach, but nothing is really out of the government's reach. It appears now, that the government allowed it to flourish because they wanted the cover of crypto for their own nefarious reason, to launder their graft & corruption.
I do kind of regret not getting into the scam early though, but I would have gotten out of it when I had amassed my first 10s of millions, because I always felt it would end badly. Not knowing when that end would come, was probably the reason I never took the step to actually enter. My timing with investments has always been poorly timed, and it always seem to come when one of these great investments was nearing the peak of its ascent, and its descent was a quick one with no return to its peak. In other words, I always lost. 😋
It did not take a genius. However the less obvious lesson from this is that it took 13 years for crypto to blow up. In the meantime, a lot of investors became wealthy. In the end, more lost their shirts.
I assume that the “market price” of bitcoin is made by a few holders agreeing to buy and sell to each other during the day to keep the price propped up.