A couple of years ago I was looking at crypto. One of the things that convinced me not to do it, was Buffet being negative about it. Has cost me a lot of (potential) money... Everyone makes mistakes and has blind spots.[email protected] said:I'm 35 and I think it's risky NOT being in crypto. Of course, there a lot of guys who can't stand the volatility but overall the price of Bitcoin has gotten the attention of investors in the 35+ crowd. With nothing but terrible investment vehicles, many are looking for something that will give them richesTrue Balla said:I think the older people do take his words with more influence. A lot of the 35-40+ crowd still see crypto as very risky, speculative, and scammy. A guy like Buffet making the same remarks gives them reassurance to stay out. If Buffetts tune changed to 'invest in cryptocurrency' a lot of those guys would revaluate their opinions and look into the idea as well.
Currently its mainly a younger crowd (20-40) throwing some play money at it.
The true money is with the 50+ crowd and with institutions (pension funds etc). Once banks start giving them an easy option to put some money in crypto, expect a big rise, will probably be into the big top-10 coins (BTC, ETH...). This will probably also provide more price stability.
Long-term, things are looking better than ever, though a big crash could still come any day still...
Luckily Novo keeps shilling: