Does Warren Buffett hate bitcoin because the bulk of his portfolio is banks and American Express?
Discussion
He has profited massive wealth BECAUSE OF the current system. Bitcoin undermines/replaces the current system.
He just can't see the world in a different way. For him the world is going OK and he is successful and able to play the current game well. He knows the rules etc. But he doesn't see a different world.
He sees the world improving in general (and for a big part he is right according to some metrics -ie child poverty and hunger) but then totally wrong in other areas like wealth distribution.
This is a trick question...LOL ...
No, that’s not it it’s because he can’t control it….
You bring up a interesting point. Buffett is known to like to buy companies out completely (See’s Candy) or at least buy controlling shares. No matter how much bitcoin he buys he would have no more say so than a average pleb
And the banks that enable him will no longer make money like they are now.
John Maynard Keynes touched him as a young child and he can’t get the taste of fiat out of his mouth, no matter how many diet cokes he slams.
Incentives drive behaviour