A lot of seasoned and generally respected investors including Warren Buffett and even Jim Rogers have blasted Bitcoin as everything from a scam to a poor store of value. Ironically, we view Bitcoin’s number one property as being a good store of value.
The real question is why do so many veteran and seasoned investors warn about Bitcoin? Some of them say it is because it resembles the tech bubble of the 90’s and others say because the value is derived from nothing.
We feel that this is misinformed somewhat and could it just be that these older investors simply do not understand the technology and viability of cryptocurrency. Or are they protecting traditional financial assets and tools either as government shills or inadvertently?
It’s hard to say for sure but Warren Buffett has taken a lot of flak in recent years and has drawn the ire of almost every investor.