Bitcoin futures launched 15 min ago. CBOE site is down, Coinbase is down. Everything is down. Just Bitcoin network is up and works perfect. What we see next? What Bitcoin price will be?
For those of you devoted to decoding Buffett's every pronouncement, his meaning is clear: Bitcoin is not tangible investment. It don't generate earnings or pay dividends. How do you really value Bitcoin if it have no intrinsic or "book" value? And people who buy bitcoin are simply betting that the price will go up.
It generates money for miners, they creates Bitcoins and get paid for it. How do you value US dollar? How much cost paper?:)