Although Buffett says Bitcoin is mouse poison squared, it seems that his thinking has many lessons for holders in the crypto space:
1. Emotional Management: If you cannot control your emotions, you cannot control your money.
2. Long-termism: Our holding period is forever.
3. Margin of Safety: The first rule of investing is to not lose money.
4. Contrarian Thinking: Be greedy when the market is fearful, and be fearful when it is greedy.
5. Circle of Competence: Only invest in industries or companies that you understand.
6. Economic Moat: Choose companies with sustainable competitive advantages.
7. Compound Interest: Enjoy the exponential growth that time brings.