I recently saw a video from 10 years ago on my X or Twitter feed, where Warren Buffet said that Bitcoin would not be around in the next 10 to 20 years times, but here we are exactly 10 years after he made that statement and Bitcoin is still around, in fact, Bitcoin is the world's best-performing asset at the moment, it has done over 10,000% since March 2014. Bitcoins exponential rise over the past decade has redefined conventional investment wisdom, demonstrating the power of innovation and the importance of adapting to a changing financial landscape, also it has proven a lot of Bitcoin skeptics and haters wrong.
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Bitcoin/Crypto skeptics and haters
Warren Buffett just like Peter Schiff does not like Bitcoin or Crypto at large, they are not ready to unlearn to learn new things, or let me put it this way, people like them are not ready to educate themselves about crypto, maybe for their own personal interest. Warren Buffett owns a bank and Peter Schiff is heavy on investing in Gold, so they are not happy about the new technological innovation (Bitcoin/Crypto) taking money off their pockets. Someone said "Bitcoin and the Crypto space are here to show us the reality of the elite" Which is "they don't want you and I to get as rich as them", but is just the person's opinion which I totally agree with because from the look of things it is true, either way everyone is entitled to their opinions.
Someone also said that "Warren Buffet, is one of the best investors ever, and that one of his rules, is to never invest in something you do not understand. He’s like almost 100 years old. Don’t blame him if he is not a fan of Bitcoin" like i said, everyone is entitled to their opinion. That being said, i must say it is truly fascinating how perspectives on innovation can evolve over time. The journey of Bitcoin from skepticism to becoming a phenomenal asset speaks volumes about the transformative power of disruptive technologies.
Before i forget, Warren Buffet once called Bitcoin rat poison, Today that same Rat poison (Bitcoin) has surpassed Warren Buffett's Berkshire Hathaway Bank by Market cap value.
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