Warren Buffett Accidentally Makes The Case For Bitcoin
The post Warren Buffett Accidentally Makes The Case For Bitcoin appeared on BitcoinEthereumNews.com. Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Warren Buffett’s farewell as chief executive of Berkshire Hathaway ended with a paradox that will reverberate through Bitcoin markets for months. Moments after the 94-year-old “Oracle of Omaha” confirmed that vice-chairman Greg Abel will assume the top job when 2025 draws to a close, the world’s most celebrated value investor delivered a sweeping warning about the long-term corrosion of government money—an argument that, stripped of its author’s intent, reads like a précis of the Bitcoin thesis. Buffett Still Doesn’t Get Bitcoin From the stage in Omaha’s CHI Health Center, Buffett told shareholders that the greatest threat to capital is not a bear market or a recession but “the tendency of a government to want to debase its currency over time.” “If you’ve got people that control the currency, you can issue a paper money and you will,” he said, adding that “the natural course of government is to make the currency worth less over time, and that’s got important consequences.” He concluded that “we wouldn’t want to be owning anything that we thought was in a currency that was really going to hell.” Those sentences, delivered without reference to Bitcoin, echoed through crypto X within seconds. Pseudonymous BTC commentator Carl Menger interpreted them as an inadvertent endorsement of a non-sovereign alternative, writing that Buffett “suggests it might be wise ‘to own a lot of other currencies’ besides the US Dollar. Almost like a decentralized, non-sovereign currency could fix this.” Menger then jabbed that the nonagenarian “still can’t grasp the value of Bitcoin and rather stacks other fiat Shitcoins.” MicroStrategy executive chairman Michael Saylor—who in 2023 said, “Bitcoin is the answer to the question that mystifies Warren Buffett”—renewed the critique on Saturday, calling Berkshire “20th Century Bitcoin.” The…
The post Warren Buffett Accidentally Makes The Case For Bitcoin appeared on BitcoinEthereumNews.com.
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Warren Buffett’s farewell as chief executive of Berkshire Hathaway ended with a paradox that will reverberate through Bitcoin markets for months. Moments after the 94-year-old “Oracle of Omaha” confirmed that vice-chairman Greg Abel will assume the top job when 2025 draws to a close, the world’s most celebrated value investor delivered a sweeping warning about the long-term corrosion of government money—an argument that, stripped of its author’s intent, reads like a précis of the Bitcoin thesis. Buffett Still Doesn’t Get Bitcoin From the stage in Omaha’s CHI Health Center, Buffett told shareholders that the greatest threat to capital is not a bear market or a recession but “the tendency of a government to want to debase its currency over time.” “If you’ve got people that control the currency, you can issue a paper money and you will,” he said, adding that “the natural course of government is to make the currency worth less over time, and that’s got important consequences.” He concluded that “we wouldn’t want to be owning anything that we thought was in a currency that was really going to hell.” Those sentences, delivered without reference to Bitcoin, echoed through crypto X within seconds. Pseudonymous BTC commentator Carl Menger interpreted them as an inadvertent endorsement of a non-sovereign alternative, writing that Buffett “suggests it might be wise ‘to own a lot of other currencies’ besides the US Dollar. Almost like a decentralized, non-sovereign currency could fix this.” Menger then jabbed that the nonagenarian “still can’t grasp the value of Bitcoin and rather stacks other fiat Shitcoins.” MicroStrategy executive chairman Michael Saylor—who in 2023 said, “Bitcoin is the answer to the question that mystifies Warren Buffett”—renewed the critique on Saturday, calling Berkshire “20th Century Bitcoin.” The…
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