Guessing Buffet is hoping ppl will sell off o his advice so he can buy te dip. There's no way he actually believes this for real.

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Warren Buffet built his fortune on basic materials. He like things that are tangible and solid, like corn flakes, bricks, tractors, bulldozers, building materials and such. If he can't see it and hold it, he does not believe it has value. The guy hated the idea of the internet. He didn't even like cell phones because they weren't anchored to something "real" like a plug in the wall.

Crypto represents everything he doesn't believe in; it doesn't "exist" within his frame of reference...

=^..^=

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It is not the first time that Warren Buffett talks about a subject that he knows nothing about. Your post reminds me of a 2006 New York Times interview that exposes his ignorance about the most basic characteristics of capitalism when he talked about class warfare. Yes, he is a genius in the field of securities trading, but this doesn't make him an authority in economic theory and financial technology.

If a man like Warren Buffett with his stature can be clueless about crypto, this should make anyone all the more careful about this sector. I see here the danger of seeing new things from old lenses. I was there when I was a crypto basher for I thought I knew the thing. Better to remain silent when you don't know a thing. People may think you are wise if you just do that. The moment you speak about something you don't know, your ignorance will be exposed.

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Warren Buffet is too old and he doesn't understand technology. His strategy has worked for decades and I don't think he will be able to see value in crypto until it's big enough. Technology keeps developing and understanding the trends will definitely help.

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Summary:
In this video, the speaker discusses Warren Buffett's views on cryptocurrency and technology. He questions Buffett's understanding of technology trends, such as cryptocurrency, stating that Buffett is more focused on traditional investment methods and may lack the knowledge or interest in the technological aspects of newer industries. The speaker also highlights the differences between Buffett's investment style and the evolving landscape of technology-driven assets like cryptocurrency, emphasizing the importance of understanding the utility and value of such networks. The speaker suggests that while Buffett may excel in traditional finance, his reluctance or unfamiliarity with technology could limit his understanding of emerging trends like cryptocurrency.

Detailed Article:
The discussion in this video centers around Warren Buffett's perspective on cryptocurrency and technology, with a critical analysis of his understanding and approach to these areas. The speaker begins by acknowledging Buffett's influence in financial markets and the attention his remarks attract. However, he questions whether Buffett truly comprehends the intricacies of cryptocurrency, given his traditional investment background.

The speaker suggests that most people, including those in the finance industry, lack a deep understanding of money and cryptocurrency. He contrasts Buffett's expertise in banking and traditional investments with his apparent lack of comprehension in technology, tech trends, and decentralized systems. The speaker points out Buffett's investment in Apple, not for its tech aspects but based on traditional valuation metrics.

Moreover, the speaker delves into Buffett's age and generation, highlighting the significant technological changes that have occurred in recent decades and the potential gap in understanding for individuals like Buffett. While Buffett may excel in evaluating financial metrics and management, the speaker asserts that his expertise does not extend to technology, social media, or emerging trends like Web 3 and open-source software.

The video emphasizes that cryptocurrency should not be viewed solely as a speculative asset but as a technology-driven network with inherent value based on utility, projects, platforms, and the incorporation of new technologies. The speaker predicts that cryptocurrency will become as ubiquitous as websites are today for businesses, indicating a paradigm shift in the value and utility of digital assets.

In conclusion, the speaker challenges Buffett's conservative approach to technology investments and highlights the evolving nature of financial markets, particularly with the rise of cryptocurrency and blockchain technology. He underscores the importance of understanding the broader implications and value propositions within these emerging technologies, beyond traditional financial frameworks, to navigate and capitalize on the changing landscape of the digital economy.

Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.