Warren Buffett on Understanding Bitcoin

“It’s buying something because you expect the pool of people who want to buy it—because they want to sell it to someone else—will grow, and it’s wonderful because it does create a rising price, and a rising price does create more buyers, and people think I’ve got to get in on this, and it’s better if they don’t understand it… …if you don’t understand it you get much more excited if than if you understand it.”

-Warren Buffett in an interview with CNBC

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