The Wolf Den #233 - Out With The Old And In With The New
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This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out.IF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.COIn news that surprises nobody, Warren Buffett and Charlie Munger both despise Bitcoin.Although they are legendary titans of investing, their comments from the Berkshire Hathaway annual meeting are the perfect example of, out with the old and in with the new. Rather than embrace this decade's greatest investment opportunity, the two men have continued to take shots at Bitcoin and cryptocurrency. Buffett has already made his position clear on the asset, calling it “rat poison squared.” Munger, Buffett’s partner, took this meeting as his opportunity to share his thoughts:“Of course I hate the bitcoin success, I don’t welcome a currency that is so useful to kidnappers and extortionists. It’s a financial product invented out of thin air. I think the whole damn development is disgusting and contrary to the interests of civilization.”It’s hard to expect 2 men with 187 combined years on the planet to embrace the disruptive technology, but their behavior isn't new. During the Dotcom bubble, Buffett scolded investors, then saying, “nothing sedates rationality like large doses of effortless money.” He also called the behavior “one helluva party.” During the Dotcom bubble, the Nasdaq posted a 145% goin from mid ‘98-‘00 - Berkshire Hathaway was down 44% holding value stocks. Buffett's bias against tech stocks lasted for over a decade after the bubble popped, missing the greatest investment opportunities of the past few decades. Now Buffett owns tech stocks, but his actions 20 years ago indicated just how slow he was to pick up on the new trend. As is the case with Bitcoin, history will punish Buffett and everyone who steers away from it. This "helluva party" is not stopping but I have a feeling Berkshire Hathaway will show up right before the lights come back on.I will be live streaming today with Piers Ridyard from Radix! We are going to talk everything DeFi and allow the audience to ask questions.Live at 2 PM EST.https://www.youtube.com/watch?v=75P6LiooHCMIn This Issue:Buffett And Munger Despise BitcoinBitcoin Thoughts And AnalysisAltcoin ChartsOn Balance Volume (OBV) Phishers Want Your Seed PhraseBitcoin Will Likely Undergo A Rare UpgradeETH Hits $3,000, Vitalik Buterin Becomes A BillionaireMy Recommended Platforms And Tool
The Wolf Den #233 - Out With The Old And In With The New
The Wolf Den #233 - Out With The Old And In…
The Wolf Den #233 - Out With The Old And In With The New
This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out.IF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.COIn news that surprises nobody, Warren Buffett and Charlie Munger both despise Bitcoin.Although they are legendary titans of investing, their comments from the Berkshire Hathaway annual meeting are the perfect example of, out with the old and in with the new. Rather than embrace this decade's greatest investment opportunity, the two men have continued to take shots at Bitcoin and cryptocurrency. Buffett has already made his position clear on the asset, calling it “rat poison squared.” Munger, Buffett’s partner, took this meeting as his opportunity to share his thoughts:“Of course I hate the bitcoin success, I don’t welcome a currency that is so useful to kidnappers and extortionists. It’s a financial product invented out of thin air. I think the whole damn development is disgusting and contrary to the interests of civilization.”It’s hard to expect 2 men with 187 combined years on the planet to embrace the disruptive technology, but their behavior isn't new. During the Dotcom bubble, Buffett scolded investors, then saying, “nothing sedates rationality like large doses of effortless money.” He also called the behavior “one helluva party.” During the Dotcom bubble, the Nasdaq posted a 145% goin from mid ‘98-‘00 - Berkshire Hathaway was down 44% holding value stocks. Buffett's bias against tech stocks lasted for over a decade after the bubble popped, missing the greatest investment opportunities of the past few decades. Now Buffett owns tech stocks, but his actions 20 years ago indicated just how slow he was to pick up on the new trend. As is the case with Bitcoin, history will punish Buffett and everyone who steers away from it. This "helluva party" is not stopping but I have a feeling Berkshire Hathaway will show up right before the lights come back on.I will be live streaming today with Piers Ridyard from Radix! We are going to talk everything DeFi and allow the audience to ask questions.Live at 2 PM EST.https://www.youtube.com/watch?v=75P6LiooHCMIn This Issue:Buffett And Munger Despise BitcoinBitcoin Thoughts And AnalysisAltcoin ChartsOn Balance Volume (OBV) Phishers Want Your Seed PhraseBitcoin Will Likely Undergo A Rare UpgradeETH Hits $3,000, Vitalik Buterin Becomes A BillionaireMy Recommended Platforms And Tool