Subject: Re: O/t, what can Buffett be thinking as
As he watches these Trump trades rally? The crypto space,

He won’t be thinking anything. He won’t care. Crypto, like gold, doesn’t *do* anything. It produces nothing (indeed, it costs. Crypto can’t exist without gobs of electricity. Gold can’t exist without storage, protection, smelting. Same, but different.)

Those are idle bets which Warren doesn’t do. (OK, sue me, he has once or twice along an almost century long career). He invests in productive enterprises, things which produce goods or services, things which can be measured against the utility they provide. Neither crypto nor gold nor silver do any of those. They are a bet against what other people might think someday about the value of said commodity.

He doesn’t care. I dare say he will never care. Stop trying to force this inanity into the conversation. It’s as dumb as the people two decades ago who said “Why doesn’t he invest in Pets.com?”