Every time I see a naysayer in the news about bitcoin and altcoins, I always ask myself... why? Today I read the title: "Warren Buffet Doubles Down on Doubt". The article talked about how he thinks bitcoin is a bubble and blah blah blah but then I thought: 'why does he care?'. So I looked up his top holdings for Berkshire Hathaway....
What do you know! He is a HUGE investor in the current banking system. His firms top two largest holdings is Bank Of America and Wells Fargo. He also has many more banks and credit card companies in his portfolio.
Just like Jamie Dimon, they have a lot to lose with cryptos and will suffer tremendously if the people take their money into their own hands.
Throughout history the rich and powerful have tried to stop innovation from the printing press to the automobile making outlandish claims that they are dangerous and will hurt people but sure enough they push through and make the world a better place.