Knoqnoq Forum: Everything You Want to Discuss, Most Discussed in India
Search
Reply: 3

Buffett not buying cryptocurrencies doesn't matter!

[Copy link]

253

Threads

715

Posts

6892

Credits

Forum Veteran

Rank: 8Rank: 8

Credits
6892
Post time 8-1-2024 20:38:09 | Show all posts |Read mode
I won't persuade him (Buffett) to invest in cryptocurrencies. I feel that not everyone necessarily needs to invest in cryptocurrencies. My mom doesn't use the internet much, but that's not a problem. The internet doesn't matter, and my mom is fine. Basically, I think this is a free world. We don't need to convince everyone to use cryptocurrencies; we just need to let those who want to use them use them.

I recently came across a great book; Buffett has many timeless investment arguments that still apply to cryptocurrencies today. It's just that he personally isn't interested in cryptocurrencies.

Zhao Changpeng believes that they both have similar investment strategies. "Buffett likes to hold a small amount of stocks he knows very well and doesn't want to spread his attention to hundreds of stocks. This is very similar to my personal mindset; I only hold Binance Coin and Bitcoin, not diversified investments in various cryptocurrencies." He added:

Buffett is in a different stage of life. I think his knowledge, ideas, and guidance are valuable to the world. He is very successful, and I respect him. But we don't need to pull him into the cryptocurrency field. He was still using a flip phone two years ago. I am more concerned that if he uses cryptocurrencies, he may not have the necessary skills and knowledge to ensure the security of his cryptocurrency assets.

Zhao Changpeng appreciates Buffett's investment insight, but his attitude is quite different when it comes to another billionaire. Referring to a confrontation with Tesla CEO Elon Musk, he said: "I don't mean to be too impolite on Twitter... but he questions my honesty in his tweets.
Reply

Use magic Report

237

Threads

1017

Posts

8112

Credits

Forum Veteran

Rank: 8Rank: 8

Credits
8112
Post time 8-1-2024 20:41:25 | Show all posts
That is indeed a cause for concern.
Reply

Use magic Report

849

Threads

337

Posts

110K

Credits

Forum Veteran

Rank: 8Rank: 8

Credits
13671
Post time 8-1-2024 20:54:09 | Show all posts
Buffett makes a fortune with stocks.
Reply

Use magic Report

33

Threads

874

Posts

3909

Credits

Forum Veteran

Rank: 8Rank: 8

Credits
3909
Post time 9-1-2024 07:21:13 | Show all posts
Buffett should be everyone's guiding star.
Reply

Use magic Report

You have to log in before you can reply Login | Register

Points Rules

Quick Reply To Top Return to the list