• Bitcoin,  Cryptocurrencies,  People

    On Warren Buffett and the bitcoin bubble

    The Oracle of Omaha predicts the boom in cryptocurrencies will “come to a bad ending”

    There’s some small amount of buzz in cryptoland over Berkshire Hathaway chairman Warren Buffett’s recent negative comments on bitcoin. Let’s preface this by stating the obvious: Warren Buffett is greatest living value investor and one of the greatest in history. The man applied everything Benjamin Graham taught him at Columbia Business School (which is a way better school than Chicago or Wharton) and amassed one of the largest fortunes ever seen. To paraphrase a Yiddish expression, Buffett has already forgotten more about investing than anyone else will ever know. Yet there’s one sector that Buffett doesn’t feel comfortable with and that’s technology. It’s just not his thing and that’s okay.…