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by McLaren_Ferrari 1509 days ago
Bitcoin is a socio-political movement. Buffett doesn't bet on political movements. It's that simple.

There are many ways to skin a cat, especially in finance.

Soros made most of his money betting on political and social trends. People just don't talk about Soros as much because he's too far from the top of the Forbes list. Poor guy is only worth 27B or something, he's betting on bitcoin and cryptocurrencies

1 comments

Buffett and Soros are both 91. If Bitcoin is a socio-political movement, I'm not sure why anyone us would put a lot of weight into their opinion about it.

I don't think it is either a social or political movement, though, so I'm inclined to agree with Buffett.

> I'm not sure why anyone us would put a lot of weight into their opinion about it.

It's not about Soros opinion. It's about his track record predicting outcomes of political movements and how those impact the money markets.

With BTC is even easier because the price is a sign of the health of the socio-political movement, whereas back in the days he had to rely on the news on the ground about German re-unification or European Union coming together and adopting a common currency.