As you know, the famous "Oracle of Omaha", billionaire and investor Warren Buffett is extremely negative about investing in cryptocurrencies, and in 2013, together with his business partner Charlie Munger, he called bitcoin "rat poison".

However, there are other opinions on this matter. For example, Guy Spier, investor and director of valuation fund Aquamarine and one of the biggest supporters of Buffett and Munger, thinks that in this way, both of these investors are probably trying to protect traditional investors and are not as opposed to cryptocurrencies as they seem. .

“It’s all about how you approach cryptocurrencies, and a lot of people aren’t really smart about it,” Spier said. “Munger is probably absolutely right that those people are much more likely to lose everything.”

Speer compared the crypto space to a crowded poker room, and the most successful crypto investors to poker players who will increase their chances of success if they sit at the right gaming table.

In his figurative expression, “There may be only 1% of all the tables worth playing at, but people I know are very likely to find such a table,” he said, adding that Munger probably does not discourage The best investors avoid BTC at all costs.

“It's just that these days it's hard to pinpoint the best investments because they're by definition 'unpopular'. If all you're doing is looking at the leaders of the S&P 500, you've already missed your train,” Spier concluded.