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re: So Warren Buffet sees no future in bitcoin...

Posted on 5/14/13 at 10:59 am to
Posted by the LSUSaint
Member since Nov 2009
15444 posts
Posted on 5/14/13 at 10:59 am to
If it were a real threat, they wouldn't acknowledge it anyway...it would demolish alot of their positions in the markets around the world.

No doubt they are watching to see if anything comes of it to hedge their bets
Posted by Poodlebrain
Way Right of Rex
Member since Jan 2004
19860 posts
Posted on 5/14/13 at 11:19 am to
Why would anyone be threatened by a commodity with a total market value of approximately $1.2billion? That is just plain silly.
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69932 posts
Posted on 5/14/13 at 11:28 am to
quote:

If it were a real threat, they wouldn't acknowledge it anyway

Umm wrong, they absolutely would acknowledge it considering BRK-A is owned by some of the most powerful and influential people on Earth and Buffett has a fiduciary responsibility to them.

quote:

would demolish alot of their positions in the markets around the world. 



How? You think people are gonna stop using ketchup, buying insurance, and drinking Coca cola if bitcoin becomes mainstream?
WHAT THE frick ARE YOU TALKING ABOUT?
quote:

No doubt they are watching to see if anything comes of it to hedge their bets


They may have some Mexican janitor in Omaha keeping an eye on it, but I seriously doubt they are devoting substantial resources to it.
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