Hmm...aren't all investments on the stock market, commodities, property, cryptos, or anything, a form of speculation? Buffett invests in many traditional stocks, when he invests in something, isn't he speculating that the price goes up or it continues to pay dividends. OK maybe he does some homework first but unless he has insider info that can guarantee his investment WILL go up, he's still making a gamble with his money.

As they always say in professional investment circles: "Past performance is not an guarantee of future results."

And then there's the old chestnut, "Aw bitcoin has no intrinsic value, it's only worth what somebody else will pay you..." Isn't that much the same with stocks and shares, well ok, maybe your shares might have a face value per share on the share certificate which is usually a tiny fraction of the current value of the shares.

At the end of the day, with shares or any investments, you still need somebody who is willing to buy them off you at a higher price in order to profit.

Incidentally, WB has never really been a fan of tech. He didn't do well during the Dot Com boom and it looks like he's going to pass over the Crypto boom too. True all booms will eventually come to an end, people like WB can afford to sit on the sidelines and watch it go by.

If a lot of people like to buy and bid up cryptos then all power to them I say!!!!