Warren Buffett Makes Stupid Bitcoin Claim 😳

So Warren Buffett, probably the best investor in the world, has just made the most ridiculous Bitcoin claim. Like, the most ridiculous statement I think I've heard about it. Now, I love Warren Buffett, he's super smart, fact. But very smart people can still say very stupid things. I can't believe this. So, um, here are some of the things. I'll tell you in a moment what he said because it's ridiculous. Look, I wrote the UK's best-selling book on money. I have one of the top money podcasts in the world. I've been studying money for 15 or 16 years, and there are laws of money. And this claim that Warren Buffett has— I, I can't even believe what he said. Um, it actually doesn't, um, follow and obey and observe the laws of money. So Warren Buffett is massively against Bitcoin, uh, and he called Bitcoin rat poison squared. Uh, he, um, his business partner Charlie Munger— Warren Buffett's in his, what, mid to late 80s? Charlie Munger is in his 90s. So, you know, I love the directness of these guys, but, um, there's definitely some things that we should watch out for. You always have to take content in context, and I'm going to share some of that now. But literally, this is the most stupid thing I've ever seen Warren Buffett say. So Buffett has called Bitcoin rat poison squared. Charlie Munger has called Bitcoin stupid and evil. He's likened it to a venereal disease, and he said that he is really— he admired China for banning it. Buffett's been slamming Bitcoin since it was $600. It's now $38,000. It's been as high as $68,000. Now look, I know Warren Buffett's holding time is forever, but he has bought stock and sold stock, and he could quite have easily bought Bitcoin at a few hundred dollars and sold it at tens of thousands of dollars and made billions, like billions of dollars. He could have done, but he didn't. Now look, I always admire someone who's got an investing strategy and they stick to it. But let's, let's look more at what he said. I couldn't believe this, by the way. Warren Buffett said in a public interview He said, if you offer me 1% of all the farmland in the US for $25 billion, I'd write you a check now. If you offered me 1% interest in all the apartment blocks in the US, I would give you $25 billion for it now. But get this, this is what he said— I can't believe this— but I would not buy all the Bitcoin for $25. So Warren Buffett, the best investor in the world perhaps, has just said that he would not buy all the Bitcoin for $25. And I'm sorry, that is the most stupid thing I have ever seen Warren Buffett say. I love Warren Buffett, he's super smart, I've learned loads from him, but smart people say stupid things. We've all said stupid things, and stupid things need to be called out. Here's why it's stupid. All the Bitcoin currently in the world has a market cap of around $723 billion. In fact, at time of recording, $723,896,457,793. So Warren Buffett has just said, I wouldn't buy all the Bitcoin for $25, even though it's worth $723 billion today. So Kevin has said, I agree with Warren. Fair enough. Let me know, um, why you agree with Warren and what you think about this. But all the Bitcoin today is worth $723 billion, and he wouldn't buy it all today for $25. That's just dumb, because he could buy it for $25 today and sell it at half price—$350 billion massive profit. The entire crypto market cap is $2 to $3 trillion. Even if he just flipped it on the cheap, bought it for $25, sold it for $25 billion. Ridiculous statement. Now, Warren Buffett's argument about Bitcoin— and I think I've explored this a lot— Michael Saylor reckons that Warren Buffett hasn't even done 10 hours of research in Bitcoin. I'm not sure he can say that, but that's what Michael Saylor believes. But Warren Buffett's argument— I thought about this, by the way. I'm not particularly pro-Bitcoin, and I'm definitely not anti-Warren. I love Warren. I think he's super smart. He's a national treasure. A global treasure. But like I said, smart people can say stupid things. So Warren Buffett's argument is that Bitcoin doesn't do anything, but it does. It stores value. Okay, its intention is to be a currency, and it sort of works as a small decentralized currency, but it doesn't work as a global currency yet. But globalization is something that most of humanity are pissed off with. And so governments and globalization is being disrupted. Now, I'm not saying that— he said, look, the government aren't just going to swap the dollar for Bitcoin, and I agree with that. They're not going to go down without a fight. But so many people in this world despise government, despise central banks, and therefore the dollar and globalized central bank money is ripe for disruption. And Bitcoin is one of those potential things. Now, why couldn't currencies be decentralized? Now, I agree that the governments won't necessarily want a decentralized currency, but it doesn't mean they can necessarily stop it. So it may become a currency, it may not, but it is a good store of energy and a good store of value. So Warren Buffett thinks it has no use, but it does have a use. Its use is it's one of the most effective stores of value. And in the early days of Bitcoin, I couldn't see this. I was like, okay, people are using it in the Silk Road, they're using it to buy illicit things, but it's not going to be a major currency. So that's not— it doesn't have a purpose. But it does, because people are using it to store value. And because there's a finite amount of it, we all need to store value. We store value in a bank, we store value in gold, so why can't we store money in Bitcoin? Now again, I'm not majorly pro-Bitcoin. I just think that Warren Buffett has said something Really stupid here. Okay, right now he's also said this. Warren Buffett said there's only one thing that is money. Of course, that's the, the dollar bill. Money is money, and there's only one thing that's money. But this is also not true. Today there may only be one thing as money, but money evolves over time. I wrote a book called Money, and I studied the history of money, and money has evolved in many different forms. It evolved from barter It was, you know, real precious metals which got debased. There were even in prisons, there's cigarettes and sardines, there's stones, there's all sorts of things that money becomes and evolves over time. Because money is a story, it's trust, it's a promise. And the form in which money exchanges evolves over time. So Warren Buffett is only thinking about money today, not how money could be tomorrow. He's not seeing the evolution of money. Which again surprises me because Warren Buffett is super smart. Now, Warren Buffett missed a huge opportunity for probably decades to buy into Apple. He's one of Bill Gates' best friends, yet he never bought into Microsoft. He also owns massive shares in a poison company called Coca-Cola. He owns another massive load of shares in a poison company called McDonald's. So again, love Warren Buffett, not criticizing him. Just challenging some of the things he said because I think this is really important. He also won't comment on the interest he has in tobacco companies. So Warren Buffett will not invest in a potential new form of money and a good effective store of value, and he's calling it rat poison, and he's saying he wouldn't buy it all for $25 even though he could sell it for half price, which would be $375 billion. Yet he missed Apple, missed Microsoft. He's got massive shares in poison Coca-Cola, massive shares in poison McDonald's, and probably got shares in poison tobacco, even though he won't share and declare his interest in it. So they're my thoughts. Let me know what you think in the comments. Let's discuss and debate this. I think it's really good to discuss and debate topical decisions and discussions and comments. I love, um, talking about money because I think it's something that's universal that we're all interested in, but it's a bit taboo. People don't usually challenge Warren Buffett because he is so smart, but remember, smart people can say stupid things. And I believe Warren Buffett has said one of the most stupid things he's ever said, which is he wouldn't buy all the Bitcoin for $25. And the reason he said that is because there's no use for it. But he could buy it for $25, currently worth $723 billion, and flip it at half price and make a nice tidy $375 billion. So therefore it's a completely stupid thing to say. By the way, there's a few scammers on here trying to pitch you Bitcoin. I never pitch you any Bitcoin, never. There's loads of fake profiles on me because, you know, they just are. Um, be careful of all these, um, scammy comments. There's some good ones too, but I'm just warning you. Okay, so let me know what you think. Is Bitcoin rat poison? Is it stupid and evil? It's like— is it like a venereal disease? Or Is it possibly the new form of money? Is it a sign of disruption of central banks and governments and globalization? Does it actually have a use? It might not be a universal currency, but it doesn't mean it doesn't have a use. And who says that currency has to be one, has to be global? Why could it not be decentralized? There are many forms of currency. OnlyFans is a currency. Membership sites is a currency. Social tokens and coins and NFTs are currencies of sorts. So, you know, Warren Buffett, love you, but that's the most stupid thing you've ever said. You know, but thanks for making life a bit more interesting. Let me know what you think. And also, is it about time people stopped investing in tobacco companies and poison companies like Coca-Cola and McDonald's now that we know that sugar is a poison? Let me know what you think in the comments. Hit the share button. Thanks for tuning in. If you don't risk anything, you risk everything. People say they love the summary, so quick summary. Warren Buffett— Warren Buffett— Warren Buffett has just made the stupidest claim I've ever seen about Bitcoin. I'm not particularly pro-Bitcoin. I'm interested in Bitcoin because I'm interested in money. But he has just said that he wouldn't buy all the Bitcoin for $25, even though he'd buy 1% of all the farmland or 1% of all the real estate for $25 billion. The reason I think it's the stupidest thing he's ever said is because currently Bitcoin's worth $723 billion, and he could buy for $25 and flip it for $300, $400, $500 billion. So pretty stupid thing he's just said there. He doesn't think it has any use, and I understand that it doesn't have a use as a currency globally, but it does in a decentralized fashion. But it is a better store of value than pretty much any other class at the moment. Money changes form over time, so Warren Buffett is only thinking about money today. Not money tomorrow. And maybe Warren Buffett should exit Coca-Cola and McDonald's, and if he does have tobacco interests, because these things kill, kill millions of people. Yet he's slamming Bitcoin as rat poison, yet Coca-Cola is probably poison. Hmm, what'd you say, Warren? Let's have a chat about that. Anyway, still love Warren, super smart guy. Um, if I said something really stupid, I'd expect to be challenged about it, so All good, still love, still hugs. Just said something stupid. Thanks for tuning in. Hit the share button. Let me know what you think. And remember, if you don't risk anything, you risk everything.