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Original article based on tweetYuri MolchanA tweet by Morgan Creek Digital co-founder, Anthony Pompliano, posted on Saturday and supported by the Binance exchange CEO, has brought up a wave of heated discussions on Twitter.
Major Bitcoin advocate, investor, trader and TV anchor on Russia Today, Max Keiser, has joined in. He says that Warren Buffett has dismissed many investments that proved highly profitable later on (such as gold and buying Apple and Amazon stocks too late, as Keiser tweets).
Among these is Bitcoin, and Keiser now says that Buffett has killed his reputation by being somewhat wrong about BTC. He tweets that the time has come to move past “the Oracle of Omaha”.
Now that Buffett is out of the game and stock buybacks are rightly being called out as fraudulent, investors will ask... If Buffett was dead wrong about so much, was he also wrong about #Bitcoin and Gold?
ANSWER:
YES.
Buffett killed his reputation by being stupid about BTC
— STACY IS MY WIFE, BACK OFF (@realmaxkeiser) May 3, 2020‘Buffet is way overrated, time to move past him’
Max Keiser has taken to Twitter to slam the 89-year-old world-renowned investor and billionaire for missing an opportunity to buy Bitcoin even though, as per a recent tweet from Anthony Pompliano, he has enough cash to buy all twenty-one million Bitcoins, at least in theory.
The head of Binance CZ responded, saying that he would be able to buy only if current hodlers would be willing to sell their BTC at the current price.
Max Keiser has tweeted that it is time to leave Buffett in the past and move on without him.
“He missed #Bitcoin, Gold, Apple (way, way too late), Amazon (ditto), etc.”
‘Millennials and GenZ, this is your time’
Keiser believes that now it is time for millennials and Gen Z to step in and invest in Bitcoin. Earlier, Keiser tweeted that any 15-year-old could beat Peter Schiff on the Bitcoin field regarding long-term profits.
Time to move past Buffett
He was already way overrated
He missed #Bitcoin, Gold, Apple (way, way too late), Amazon (ditto), etc.
His numbers have sucked for awhile
Millennials and GenZ, this is your time
Speaking of Gen Z investing in Bitcoin, another co-founder of Morgan Creek Digital, Jason A. Williams, has taken to Twitter to share a photo of his 12-year-old daughter who decided to go all-in on Bitcoin and asked her father to help her.
Just helped my 12 year old daughter go all in on #bitcoin.
“I want to put all my money in Bitcoin Dad, can you help?” pic.twitter.com/AuI0MQIEgP
‘Tech is now driving outsize market returns’
Crypto influencer Meltem Demirors has tweeted that since the tech sphere is now bringing outsize returns on investment, and S&P 500 has tech stocks of five companies included in it as well, Warren Buffett is bound to start investing in this sphere.
But she seems doubtful that he will choose Bitcoin.
serious question: Buffett and Munger are not tech investors
tech is now driving outsize market returns w 25% of the S&P 500 comprised of 5 tech stocks
what is Berkshire gonna buy?
(don’t you dare say #bitcoin)
Max Keiser Twitter
Bitcoin is not correlated to the stock market, stated prominent Bitcoin advocate Max Keiser, responding to a Twitter user who stated that the flagship cryptocurrency is likely to collapse if the stock market plummets.
Keiser believes that, if Bitcoin does have any correlation with traditional assets, it is with USD and the correlation is an inverse one.
'Bitcoin is inversely correlated to the USD'
Max Keiser responded to a tweet by an anonymous user who alleged that Bitcoin would go down next time the stock market plummets. The person stated that Bitcoin needs to get out from under 'banking's thumb.'
Commenting on that, Keiser pointed out that the only thing Bitcoin is correlated with is the USD in an inverse manner, as is gold.
The Bitcoin advocate called on the community and the tweet author not to be fooled by randomness.
Bitcoin's scarcity versus the Fed's potential for infinite USD printing
The key unique feature of Bitcoin compared to USD and gold is its fixed scarcity—the total 21 mln BTC supply, as many crypto influencers have been emphasizing on Twitter recently.
Due to the frequent USD printing initiated by the Fed this year, many Bitcoin followers have expected the flagship crypto to skyrocket. New dollars were injected into the economy without any value, creating future hyperinflation.
However, the massive inflow of newly printed USD does not seem to have had any impact on Bitcoin as of yet.
Max Keiser Bitcoin Twitter
Bitcoin retreats to the $10,400 zone
Real Max Keiser Twitter
Last week, on Sept. 19, Bitcoin made it over the $11,000 resistance level. However, it quickly reversed, dropping first to $10,627 and then down to $10,411.
Max Keiser On Twitter
The major cryptocurrency has been moving in a range now, trading at $10,470 at press time.