Is Bitcoin the future? It sounds like the next step in the process of digitization, a way to bring democratic justice into the financial system and enable everyone to participate in prosperity; in short, it just sounds too good to be true.
At least in the eyes of Warren Buffett. The major US investor is the cryptocurrency, well, skeptical: In an interview with the TV channel CNBC in early May, he described her as a "rat poison up two".
Warren Buffett is not a friend of fast money
The problem with the digital currency is that it bypasses the real economy. Unlike traditional bonds, you invest your money in the trust that someone else is betting on, rather than believing that a particular company is developing positively. The price development of this share is composed exclusively of supply and demand - which means that one needs a particularly great instinct for dealing with speculation. Not many people - but especially those who are familiar with conventional stock trading. Among those who have the money to do stock trading, of course.
Warren Buffett holds the largest stake in his investment firm Berkshire Hathaway and is a billionaire. As the son of a broker, he knows his way around with stock trading. And he believes that Bitcoin will be the next big bubble in which many people fall.
Jeff Bezos, currently the richest man in the world, once asked Warren Buffett, "You're the second richest man in the world - if it's actually so easy to get rich, why is no one copying your strategy?" To which the Buffett replied, " Because nobody wants to get rich. "Warren Buffett does not believe in hypes and quick money. So far, he obviously drove well with this motto.