Cryptocurrencies
- Thread starter TPD
- Start date
https://www.fool.com/investing/2020/10/13/4-reasons-warren-buffett-cant-stomach-bitcoin/
If there's one thing Warren Buffett will never ever invest in, it's bitcoin -- or any other cryptocurrency. He's called it "rat poison squared," a "mirage," and a "gambling device."
But if there's anyone who hates it more, it's his Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B) second in command, Charlie Munger. He's called bitcoin "just dementia" and compared it to "trading turds."
If there's one thing Warren Buffett will never ever invest in, it's bitcoin -- or any other cryptocurrency. He's called it "rat poison squared," a "mirage," and a "gambling device."
But if there's anyone who hates it more, it's his Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B) second in command, Charlie Munger. He's called bitcoin "just dementia" and compared it to "trading turds."
ShyGirl
Active Member
Was wondering why they singled it out on tax forms last year: https://news.bitcoin.com/irs-prioritizes-cryptocurrency-first-question-on-1040-tax-form/
Not looking for a reason for my return to face closer scrutiny...
Not looking for a reason for my return to face closer scrutiny...
That is why investing in cash is stupid also.....little green toilet paper
I can't help but think cryptocurrency is a lot like the Tanzanian money the crew was paid with on one of our high-speed ferries that was operating for a few months between Dar Es Salaam and Zanzibar. Grocery bags full of money that they could not convert to dollars or any other useful currency and were not allowed to take out of the country. They spent it in country on a grand safari adventure and then high-tailed it out of the country soon afterwards.
Clem72
Well-Known Member
If you are an American, you must pay your taxes in USD. So even if every other possible use of the money was replaced with tulips, you would still need to have some USD so it would still have value.