Exchanges such as Binance have their BTCSHORT token, you can buy put options or short futures positions on platforms such as Deribit, or you can borrow Bitcoin, sell them, and wait to buy back at a lower price to repay the loan.
Arguably, Buffett, 91, and his partner, Charlie Munger, 98, are not a generation that can understand what Bitcoin means to Millennials and GenZ.
Whether the science backs this up, it highlights a fundamental difference in the thinking between Millennials and Buffett’s ‘Silent Generation.’ When the modern internet web browser was created, Buffett was 65, whereas anyone under 27 has never lived in a world without the internet.
Buffett comes from an era where it has been possible to own 100% of something and set your price based on holding a monopoly over a specific industry or commodity.
This statement, “if I have all the Bitcoin,” shows the critical difference in thinking between investors of his generation and today’s youth.
Further, the same analogy could be made of fiat currency.
The value of Bitcoin comes from the power of the shared infrastructure, zero-knowledge proofs, decentralized consensus mechanisms, apolitical control, and its ability to integrate with the digital future of humanity.
Munger’s statement that we have to draw the line between what we’re willing to do and what we do not ring very true in a world where the top 12% of the world’s population owns 84% of the money.
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