A Response To Warren Buffett’s Critiques Of Bitcoin Today

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This is an opinion editorial by Fangorn, a contributor at Bitcoin Magazine.

There’s a lot to say in response to Warren Buffett’s recent Bitcoin critiques.

It appears that Warren Buffett thinks bitcoin is worthless. He is wrong. Bitcoin is valuable because it represents the strongest form of property rights on a global level. Buying bitcoin is a bet that its monetary network, which runs independently of any government, will continue to grow over time. Buying bitcoin can be thought of as an insurance policy hedging the potential from a monetary transition. Bitcoin can also be thought of as a platform for new tech applications, a way to monetize stranded energy, a superior store of value as compared to gold, bonds, stocks, real estate and fine art, and as an upgraded financial settlement layer.

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