Well, listening to the interview, he seems to be admitting that he really has no idea on Earth what cryptocurrencies are, how they work, etc.
It's perfectly understandable that he would choose to ignore crypto as an investment opportunity for himself and Berkshire Hathaway. He's done quite well working with things he DOES understand.
On the other hand, since he doesn't understand them and admits he doesn't understand them, it's a little arrogant to predict their future, don't you think?
I think he is right when he says what's happening now will come to an end in a bad way. I don't think the technology will come to a bad end, but I think the current state will. There's no way things should be working the way they are. We have absolute vaporware with market caps over a billion dollars. We have coins whose main appeal is that they pay crypto dividends, but the valuation on the coin makes the dividends pay peanuts in percentages. I think the solid tech coins have a long way to go in the upward direction, but if you picked out all the useless or scam coins out of the market today, you'd be able to find $100+ billion of value without much trouble.
agreed. not to discredit any coins and its developers but I think dogecoin is one of those overvalued coins. even its owner and develop admits it's way overvalued.
you have a point. but I think this guy is being modest. he understands crypto better than the average joe. when he says he understands something, he means he knows it in and out to put his money on. before he invests in any company, he and his team of topnotch researchers have spent tons of hours researching the company, its competitors and the industry it is in as well as met with the top management of the company to assess the company's leadership in terms of strategy formulation and execution.