Warren Buffet's View On Bitcoin Might Be False

There is a famous interview where the legendary investor talks about Bitcoin. The video clearly shows that Buffet is either totally uneducated about the value of financial system or just trying to suck up his investors.

The two most important functions of financial system is:

1. To deliver money onto where they should be, where the goods got incentivized and the bads got punished.

It has always been an important part of any economy throughout history, period. If there is no money, how monetary channels like Banks and Stock Exchange work? Farm Land produces food, Real Estate provides accommodation and Finance Institutions have their own role. Warrant Buffet is right about the worthlessness of Bitcoin if he has 100% allocation, which will never happen, technically and psychologically.

2. To store that energy and be able to used up in the future, either for yourself or your next generation.

Savings is as important as producing. If today hard working had not been saved, the word "future" would not even exist.