Buffet Bitcoin

Warren Buffet made a huge mistake with Bitcoin, says analyst

Investment legend Warren Buffett's famous statement about Bitcoin being "rat poison squared" is a huge mistake, according to Yashu Gola of Cointelegraph, as he has missed out on a 320,000% return. Another analyst, Alpa Zeta, supports the same idea and explains that a portfolio with even 2.5% Bitcoin has performed 20% better than one without.

Despite Bitcoin's volatility, it has a low correlation with major stocks. Bitcoin's absolute scarcity has attracted more investors to it as a hedge against inflation, with the number of addresses with positive balances growing from 2,500 in 2009 to 45 million in 2023. Buffett still calls Bitcoin a "gambling token" with no intrinsic value.

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