Shocking! Buffett Criticizes Bitcoin Before Retirement, Yet Wall Street is 'Rushing to Consume'!
At 94 years old, stock god Buffett announces his retirement and harshly criticizes Bitcoin: 'If there were a five-year short option, I would place an order with my eyes closed!' His hostility seems like a fatal blow to the crypto market. However, upon closer inspection, this 'stock god' talks tough but is actually quite calculating.
Although Buffett continually belittles Bitcoin, calling it 'rat poison,' he recognizes the potential of blockchain technology. Despite his negative comments, Bitcoin's rise remains noteworthy, and Wall Street bigwigs are quietly accumulating Bitcoin ETFs.
Some have thought Buffett to be overly conservative; he avoids gold and oil but invests heavily in Apple, reaping substantial rewards. This 'innovative vision' has never been seen as a misunderstanding of technology, but rather a caution against 'bubble speculation.'
However, with the passage of time, Vitalik Buterin has redefined Ethereum, and financial magnates continue to push for ETFs. Wall Street's attitude towards Bitcoin has quietly changed; what Buffett once referred to as 'poison' has now become a hot commodity!
Quotable: Buffett says Bitcoin is poison, but now Wall Street is scrambling to consume 'rat poison'!