Buffett Says Stock Ownership Became More Attractive With Tax Cut
Paradoxically, reading Buffett&#x27;s essays on investing was one of the major inspirations for me to invest in crypto in the first place. Buffett typically only invests in things he understands well, that produce a solid return, and that are undervalued. These are good principles for anyone to follow.<p>But when he buys, he either buys <i>all</i> of a company, or enough of it to have some level of control over it, and that&#x27;s only possible these days if you&#x27;re wealthy as he is. The rest of us are pretty much just betting on horses.<p>I think I would agree with him about crypto if I was an older person who already had enough wealth to purchase a significant stake in a real business. For investors like that, the world is their oyster. For people who are young, familiar with technology and largely without <i>any</i> wealth, Bitcoin is much more attractive. It&#x27;s risky, sure, but to many of us, the entire economy looks just as risky, and with lower growth potential. This statement would sound insane to someone like Buffett, but it&#x27;s the reason why Bitcoin exists in the first place.<p>Edit: I&#x27;m not advising people make any investments in Bitcoin. Just providing a counterpoint. Invest in what you know.