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Why doesn’t Buffett speculate on currency (why can Buffett make money by investing in stocks)

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Why Buffett doesn’t stir fry coins Buffett doesn’t stir fry coins. Why did he invest in Bitcoin at Warren Buffett’s Berkshire Hathaway? He did not answer this question

Buffett said: “I personally doubt Cryptocurrency, but I don’t think it will become a valuable investment.” This means that “if someone wants to solve these problems (such as Bitcoin) through blockchain technology, they can use them for payment. Therefore, when asked whether they will get involved in digital tokens,” I absolutely can’t “, he said. “I’m not sure whether you are buying or selling,” he said, adding that he already held some Cryptocurrency and Stock fund

Nevertheless, for those who have purchased Ethereum, Dogecoin and other digital assets, this is surprising news – many people even call it “rat medicine”. But in reality, this statement is not accurate According to Bloomberg, Barry Jansler once told Fortune magazine, “My guess may come from his perspective: if you believe me, you should believe Barry’s words are right,” he added. “I don’t know how we can explain what Barry Gensler said.” “So, in my opinion, this is a good reminder, because I was confused during the bear market in 2017… and I do know that Barry Gensler is not the person who cares most about Cryptocurrency.”

The reason why Barrett chose to support Cryptocurrency is that Buffett is optimistic about the development direction of the Internet industry. The billionaire also predicted that as more and more investors enter the field, the market will become more mature and diversified, and this trend may continue. In addition, as a financial elite, he seems to have seen similar opportunities to involve people in encrypted transactions. However, he also acknowledges that “unlike others, everyone in the field of encryption needs to conduct research to understand the structural changes and risks in the encryption market, and can benefit from it, Buffett said in an interview with the Wall Street Journal (WSJ. UK), “We are paying attention to the evolution of encryption technology and how it can change the world. We will see more opportunities to create new things, including encryption itself

On June 29, it was reported that “Chairman of Berkshire Hathaway and current Chairman of Warren Buffett’s Charity Foundation” Charlie Munger said in an interview: “I know they are representatives of supporters of Bitcoin and Cryptocurrency.” Although he did not directly mention Bitcoin or blockchain technology, he believed that this investment might help him become “the key to fighting inflation”

However, Barry Silbert does not seem to fully understand Cryptocurrency and its future development direction. This billionaire has never even had access to any digital assets or participated in any investment activities in financial products. In fact, he also said that he has established a partnership with a private fund. I just don’t know how these funds will operate. I just need to see how they will react… but if you look closely, it may have more returns, “he said. When you consider the fluctuations in stock prices, you should understand what is good and why can we do this? “If you ask Buffett if he can make money, the answer may be – because his financial situation is very good – rather than as good as others say? (Note: Buffett earlier referred to him as a “big shot” and pointed out that he doesn’t like the stock market and is often overlooked.)

According to the New York Times, Barbara Be publicly stated at the end of December last year that he hopes to gain more wealth through his investments. Barry Besaroffman claimed that he had been buying some Bitcoin and other digital assets in the past two years In addition, Jeffrey McKeon, Managing Director and President of Berkshire Hathaway, recently revealed that the company has over $5 billion in cash reserves since the beginning of this year. Cointelgraph

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