Warren Buffet Sees Bitcoin (BTC) As A Store Of Fear, Not Of Value
Not too long ago, we revealed that Tron’s Justin Sun finally dined with Warren Buffet.
You are probably aware of the fact that Sun was supposed to have lunch with the legendary investor, Berkshire Hathaway CEO, and crypto skeptic since last year, but the event was postponed due to various reasons.
A few days ago, we reported that Sun, along with his four guests, dined with Buffett on January 23 at 6:00 PM Central Time at Happy Hollow Club in Omaha, Nebraska.
The guests included Charlie Lee, founder of the Litecoin Foundation; Chris Lee, CFO of Huobi; Helen Hai, head of Binance Charity Foundation and Yoni Assia, CEO of eToro.
eToro CEO speaks about Warren Buffet’s stance on Bitcoin
Yoni Assia shared his key takeaways from the evening.
“The dinner was a life-changing moment for me. It was a huge honor to meet one of the world’s most famous and successful investors and a personal hero of mine. I have admired him from afar since my childhood,” he began.
He also said that “Meeting him in person, he said exactly what he has written in numerous books. Namely, that investing is simple. Making money in the markets is easy.”
The CEO continued and explained that you should “Invest in businesses you understand and believe in. If you follow the rules of value investing, as explained in Benjamin Graham’s 1949 book, then you will succeed as an investor.”
We recommend that you check out more on what eToro’s CEO had to say in the original article written by the Daily Hodl. It seems that overall, Buffet does not see BTC as a store of value, but of fear.
On the other hand, despite the massive market volatility, BTC predictions are getting more and more optimistic these days.
Bitcoin just hit the important level of $10k, and crypto enthusiasts cannot wait to see more levels surpassed.
Ex-Google engineer, Charlie Lee is the creator of Litecoin and MD of the Litecoin Foundation. Previously Director of Engineering at Coinbase, Lee now focuses full-time on Litecoin. To enhance fungibility and privacy of LTC, integration of MimbleWimble has begun, however Lee has recently announced a crowdfunding launch to fund the development.
Founder of TRON (TRX)
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.