Cryptocurrencies with bitcoin in the lead, continue to provoke the sharpest discussions between defenders and opponents, in addition to a flood of writings, reports and analyzes, which, on the basis of a single reality, that is, the one in which we live, can reach the most opposite conclusions. Come on, it is not necessary to be a trait to realize that in both positions we can find a strong dogmatic component and a personal opinion, not to mention personal interests that tilt the balance in one direction or another.

However, it happens that only with constant fluctuations in its price, both sides have arguments in defense of their positions: Defenders stating the highs he has reached and opponents who rely on it precisely, on his fluctuations and on how he has terribly affected bitcoin and society, on an almost endless list of options, from regulations for or against to decisions of a commercial nature.

The clearest example of the latter is the various occasions when Elon Musk modified Tesla’s principles regarding the payment of their bitcoin cars, which many of us saw as a sign. how easy it is to reverse the trend of your price. And yes, Tesla is a big company, but for social influence rather than sales volume, compared to the main groups in the sector. What would happen if, for example, the VAG group took a similar step?

So many would think that the main reason why many investors “don’t bet” on Bitcoin is its instability. But as we can read on CNBC, That’s not why Warren Buffet, one of the most popular investors in the world, doesn’t trust cryptocurrencies. Its reason is different, which we have also seen use on many occasions:

“I don’t know if it will go up or down next year or in five or ten years. But what I’m pretty sure about is that it produces nothing“Buffett said at the annual shareholders’ meeting of Berkshire Hathaway, his holding company. I express this lack of bitcoin underlying values, in contrast to one of your group’s last investments:

«For a 1% share of all farmland in America, pay our group $ 25 billion, I’ll write a check this afternoon […] for $ 25 billion, now I own 1% of farmland… If you told me you owned all the bitcoins in the world and offered them to me for $ 25, I wouldn’t take it because what would I do with it? ? I would have to sell it to you one way or another. It won’t do anything … Farms will produce food …«.

Much tougher was Charlie Munger, vice president of Berkshire Hathaway, when he expressed his views on bitcoin:

«In my life, I try to avoid things that are stupid and bad and make me look bad compared to someone else, and Bitcoin does all three. […] First, it’s silly because it’s still likely to reach zero. It’s bad because it undermines the Federal Reserve … and third, we look stupid compared to the communist leader in China. It was smart enough to ban bitcoins in China«.