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Rich investors prefer agricultural investments to bitcoin, what do you think?
72 sats \ 15 comments \ @sangekrypto 30 Jul news
I read the biography of a rich investor named Warren Buffett, he has a fortune of $135 billion, and can be called the tenth richest person in the world.
https://m.stacker.news/42459
He is also a business entrepreneur and investment partner who holds the largest shares in his country.
Reporting from Jakarta, CNBC Indonesia, here he explains that Warren Buffett stated that "bitcoin doesn't produce anything."
In fact, in recent years Bitcoin has experienced an increase.
What comes to my mind is? Warren Buffett is the tenth richest investor in the world, so why else would such an investor be offered bitcoin? even though he is already very rich, already has investments everywhere, I think if I were in this position maybe I would just sit back and enjoy a cup of coffee while looking at the beautiful view.
imagine if you had shares and investments everywhere, what would you do if you had them? are you still playing bitcoin?
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39 sats \ 4 replies \ @didiplaywell 30 Jul
"bitcoin doesn't produce anything"
And he is 100% right. But that can not be a critic to bitcoin as much as the USD can not be blamed for "not producing anything". Bitcoin is sadly mistaken with an investment due to the valuation effect that stems from the adoption process. But once that process ends, all and every bitcoin owner who seeks for an investment opportunity will find himself using bitcoin to buy a farm. As simple as economy is, but with a working currency instead of the fiat scam.
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20 sats \ 0 replies \ @hasherstacker 30 Jul
Big misconception. You're right.
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10 sats \ 0 replies \ @nikotsla 30 Jul
Nail it
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10 sats \ 1 reply \ @sangekrypto OP 30 Jul
That's right, that's just some people misinterpreting it, bro, because some people also use bitcoin as a purchasing tool to buy necessities, of course to buy anything, including buying land. Yes, right now he says he doesn't make anything, but someday he'll need it too.
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21 sats \ 0 replies \ @didiplaywell 30 Jul
Of course! I just like to stress that bitcoin in itself will never do nor produce anything, at all. It's solely and exclusively an abacus token, and nothing else. An abacus token to allow the massive free-market abacus to solve the calculation problem on resource allocation.
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31 sats \ 0 replies \ @tomlaies 30 Jul
Bitcoin isn't an investment, Bitcoin is money.
The thing we call "money" is the thing we give to recieve goods and services.
The thing we call "investment" is the thing we do to increase the amount of money we have
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10 sats \ 0 replies \ @hasherstacker 30 Jul
Warren Buffet is retarded. The whitepaper states: The P2P Electronic Cash System. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.
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0 sats \ 1 reply \ @sexysat 16 Oct
I don't think it's because there's nothing in bitcoin, but if he's already rich, then what's the use of bitcoin for him?
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0 sats \ 0 replies \ @sangekrypto OP 16 Oct
I don't think it's because there's nothing in bitcoin, but if he's already rich, then what's the use of bitcoin for him?
The principles of rich people certainly vary, depending on their desires.
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0 sats \ 2 replies \ @Satosora 30 Jul
I know that Bill Gates has invested a lot of money into farmland and farms.
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10 sats \ 1 reply \ @sangekrypto OP 30 Jul
but only for now right? what if winter comes bro?
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0 sats \ 0 replies \ @Satosora 30 Jul
Winter comes every year. The farms still remain. Most cattle can be outside in the winter.
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0 sats \ 2 replies \ @TheWildHustle 30 Jul
A Mcdonalds worker can outperform him with a weekly bitcoin dca.
I'm fine with whatever people want to store their wealth in. If you want to store your wealth in half smoked ciggeretes, be my guest. Economic reality will shock the twinkies out of people, and winter is coming.
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0 sats \ 1 reply \ @sangekrypto OP 30 Jul
Yes, it's true, winter is coming soon, everyone has different ways of seeking wealth, but in the opinion of the person I mentioned above, he said "bitcoin doesn't produce anything". Is it because he's rich that's why he says that?
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0 sats \ 0 replies \ @TheWildHustle 30 Jul
Probably,
If you told him money is broken, he'd probably say "Its been working just fine for me"
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