Grayscale Bitcoin Trust (GBTC)

[Tenured]

I respect buffet and others who have obviously made it big, but statements like that don't hold water with me. At the end of the day it's a 50/50 proposition if something will hit or miss. Simply saying it will fail is not profound. I'd be more impressed if he could tell me why and more importantly when it will fail! Mark Cuban another billionaire is onboard with it. The difference between opinions could be understanding of crypto and/or generational. Buffet probably seldom logs on to a computer and Cuban likely has Twitter/Facebook and Instagram accounts.

Also people heavily invested in banks, stocks and financial services absolutely are biased since any capital invested in crypto means capital not invested in traditional stocks. What I am amazed is how short sited they are. Profits or part of profits earned in crypto will almost undoubtedly make its way back into the traditional financial market. People making money is good for the economy and financial services industry.

Finally I don't see blockchain going away anytime soon. Noice that ethereum is doing well during this recent slump. Until bitcoin can be separated from blockchain in people's mind and in practice bitcoin will survive. Once bitcoin solves the scaling and fee issue it too will be here to stay as it will be tethered to blockchain in most people's mind.

Again my opinion.