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by freech 3032 days ago
In contrast to Warren Buffett, who presumably uses his Coca-Cola shares to buy coffee somewhere.
2 comments

No, but he's certainly hoping that others, possibly including himself, will value Coca-Cola, thus increasing its worth.

Similarly, those who buy into cryptocurrency will ideally hope that others will value it as a viable alternative to fiat, thus increasing its worth. This is in contrast to buying into crypto because its worth measured in fiat is increasing on an exchange.

Specifically they will value the cash flows that the business produces.

Is there a Godwin's law for crypto in HN discussions?

> “If I eat 2700 calories a day, a quarter of that is Coca-Cola. I drink at least five 12-ounce servings. I do it everyday.” - Buffett