Either Buffett Is Wrong About Bitcoin, or Investors Are About To get Torched

The explosive increase of Bitcoin fuels the discussion on its place in the financial future by polarizing views between speculative risk and transforming possibilities.

By Austin Smith
Published December 11, 2024, 3:31pm ET · 1 min read

A dramatic image with a black banner diagonally across the top featuring white and red text that reads 'EITHER BUFFETT IS WRONG ABOUT BITCOIN, OR INVESTORS ARE ABOUT TO GET TORCHED'. Below the text are three main figures: on the right, an older man with glasses (Warren Buffett) in a suit, looking upwards and to the left; in the center, a distressed young man with hands on his head, looking down; and a large gold Bitcoin coin between them. A '105-120 WALL ST' street sign is in the bottom left. The background features blurred stock market charts and a '24/7 WALL ST' logo in the top right corner.
The ongoing debate between traditional investors like Warren Buffett and the rise of Bitcoin continues, creating uncertainty for many. As Bitcoin reaches new highs, the question looms: will investors see further gains or face a market correction? © 24/7 Wall St
Austin Smith

Austin Smith is a financial publisher with over two decades of experience as an investor, analyst, and advisor. He covers stocks, ETFs, Artificial intelligence and personal finance for 24/7 Wall St. Previously, he spent over a decade at The Motley Fool as a senior editor for Fool.com, portfolio advisor for Millionacres, and launched The Ascent to help reader take control of their personal finances.

His work has been featured on Fool.com, NPR, CNBC, USA Today, Yahoo Finance, MSN, AOL, Marketwatch, and many other publications. He is as an advisor to private companies, and co-hosts The AI Investor Podcast with Eric Bleeker. 

When not looking for investment opportunities, he can be found skiing, running, or playing soccer with his children. Learn more about Austin's investment approach here.

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