Why Warren Buffett is wrong on Bitcoin  Warren-BuffettMy local
St Louis homie Vance Crowe hands out a very dignified,
respectful backhand to megabank investor Warren Buffett, who
recently derided Bitcoin as a “mirage.”  Bitcoin allows us to
instantly send money to one another securely, without relying on
a financial middleman who works bankers’ hours, charges transfer
fees, and gambles with depositor’s money with the potential to
do harm to the economy and needs to be bailed out with tax
dollars.    I actually don’t believe that Warren Buffett is
foolish enough to miss the larger implications of alternative
currency. He is executing, rather, an old investment strategy of
“talking your book.” People with a stake in a certain investment
use their credibility as a market analyst to drive market
sentiment their way. Buffett owns around $21 billion of Wells
Fargo stock, and he totally cheered your taxes going to bail
them out to the tune of $25 billion. He loves his government-
guaranteed investment and does not wa