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From YouTube: Jonathan's Reaction Video to Warren Buffett regarding all the Bitcoin in the world for 25 dollars
Description
Jonathan reacts to Warren Buffett's video where he says he would not buy all of the bitcoin in the world for $25.
See original video here: https://www.youtube.com/watch?v=HVm7Pfb0ilY
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B
Hello
there,
my
name
is
jonathan.
I'm
often
asked
my
opinion
on
a
lot
of
things
in
the
crypto
space
being
involved
with
pure
plays
and
whatnot.
I
thought
it'd
be
a
good
idea
to
put
this
video
together,
just
so
that
you
guys
have
some
counter
balance
to
what's
being
said
out
there.
So
without
further
ado,
let's
get
into
it
and
see
what
mr
warren
buffett
has
been
saying
about.
Crypto
lately,
as
you
may
know,
if
you've
been
following
crypto
for
a
long
time,
he's
made
references
to
crypto
as
rat
poison
squared
in
the
past.
B
A
B
A
A
A
B
Stop
right
there.
I
have
to
sell
cause
right
here.
Okay,
so
do
you
see
what
he
did
right
there
all
right?
So
what
you
see
him
setting
up
is
what
would
be
referred
to
as
a
false
dichotomy,
because
what
he
did
was.
He
talked
about
one
percent
of
all
the
farmland
in
america
and
one
percent
of
all
the
apartments
across
america,
united
states,
sorry
and,
and
then
he
turned
around
and
said,
if
you
offered
me
all
the
bitcoin
in
the
world
right.
B
B
I
like
to
think
that
warren
buffett
is
smarter
than
this,
although
maybe
this
is
his
intentions
to
give
this
illustration,
so
that
those
of
you
who
he
thinks
are
not
that
smart
are
not
going
to
pick
up
on
it
and
think
wow.
I'm
not
going
to
touch
bitcoin,
but
let's,
let's
just
see
where
he
goes
with
this
and
we'll
take
it
from
there.
Here
I
go
again.
A
Back
to
you
one
way
or
another,
I
mean
they
have
the
same
people,
but
it
isn't
going
to
do
anything.
The
apartments
are
going
to
produce
rental
and
and
the
farms
are
going
to
produce
food
and
that's
right.
If
I've
got
all
the
bitcoin,
you
know
I'm
back
where
whatever
his
name
was,
who
may
or
may
not
have
existed
was
you
know,
15
years
ago,
if
I've.
A
It
but
everybody
knows
what
I'm
like
I
mean.
So
if
I'm
trying
to
you
know
get
rid
of
it,
you
know
people
will
say
well,
you
know
why
should
I
buy
some
bitcoin,
I
mean
why
don't
you
call
it
buffer
coin?
You
know
make
your
own
or
something
what
do
something,
but
I'm
not
going
to
give
you
anything
for
it
and
you'd
be
right,
incidentally,
but
that
explains
the
difference
between
productive
assets
and
something
that
depends
on
the
next
guy,
paying
you
more
than
the
last
guy.
I
got
now.
B
I'm
sorry
that's
just
too
funny
that
explains
it.
It
actually
doesn't
explain
anything
but
listen
to
what
he
goes
on
to
say
how,
if
he
owns
one
percent
of
all
the
apartments
or
one
percent
of
all
farmland,
he's
gonna
receive
income
from
that.
So,
let's,
let's
go
back
to
the
comparison
being
fair
and
say
that
he
owned
a
hundred
percent
of
the
farmland
and
let's
say
that
he
owned
100
of
the
apartments.
B
Okay,
he
owns
them
all,
so
he
has
the
farmland
and
what's
happening
with
that
farmland
now
that
he
owns
all
of
it
number
one.
It's
doing
nothing
literally,
nothing,
because
if,
if
the
farmland
is
just
there,
he
has
to
put
more
capital
into
it
in
order
for
it
to
be
productive,
as
he
just
referred
to
right,
he
has
to
actually
put
more
capital
for
all
the
farm
equipment,
all
the
seed,
all
the
all
the
everything
that
goes
into
farming.
B
It
could
be
different
kinds
of
farms.
I
don't
know
what
it
is,
but
if
he
was
to
own
all
of
it,
he
has
to
put
tons
more
capital
than
that
25
billion
for
one
percent
he
put
in.
In
order
to
make
it
productive,
if
he
doesn't
do
that,
if
he
just
owned
it
like
he
compared
it
to
bitcoin,
guess
what
it's
useless
it's
worthless,
because
it's
not
producing
anything
unless
he
puts
more
work
into
it
right.
B
So
to
make
that
comparison
fair,
you
have
to
put
more
capital
into
these
physical
assets
he's
talking
about
in
order
to
make
it
actually
productive
same
thing.
When
it
comes
to
apartments,
you
might
think.
Oh
well,
people
need
space.
Yeah
people
need
space,
but
he
doesn't
have
anybody
out
there
to
give
the
keys
to
those
apartments
or
to
maintain
those
apartments
or
to
pay
for
all
the
heating
bills
and
all
the
hydro
bills
and
all
the
everything
else
that
goes
into
maintaining
properties.
B
How
much
money
is
going
to
make
him
nothing?
Actually,
it's
going
to
lose
money
at
a
phenomenal
rate,
because
there's
maintenance
to
these
things
and
then,
let's
not
forget
the
government,
because
guess
what
the
government
wants
from
his
land
and
from
his
property
taxes,
lots
and
lots
of
taxes
so
from
the
get-go
if
he
owned
100
of
everything
government's
going
to
want
a
big
piece
of
that.
B
So
when,
when
you
make
a
fair
comparison,
you
can
see
that
there's
actually
more
capital
risk
to
owning
100
of
all
the
property
that
he's
talking
about
in
his
comparison,
but
if
he
owned
one
percent
to
make
it
fair
and
if
you
own
one
percent
of
bitcoin,
let's
go
there
right.
If
you
own
one
percent
of
bitcoin,
what
happens?
B
So
it's
it's
so
hilarious
that
this
this
false
dichotomy
that
he's
creating
and
then
he
says
well,
I've
explained
it.
He
thinks
you're,
not
that
smart,
but
you're
smarter
than
that.
So
you
should,
you
know,
pay
attention
to
this
anyways.
Those
are
my
thoughts
on
that.
Now,
let's
keep
going
because
I
think
he
might
say
something
else
interesting,
maybe
he'll
redeem
himself.
Let's
hope
like
please,
mr
buffett,
redeem
yourself,
I'm
gonna
start
again.
Here
we
go
if.
A
A
lot
of
commissions
have
been
paid
and
there's
I
mean,
there's
all
kinds
of
frictional
costs
that
are
very
real,
that
somebody
has
paid
to
a
bunch
of
people
who
facilitate
this
game,
but
whatever
one
group
of
the
public
has
taken
out
or
one
group
of
owners
has
come
in
from
other
people,
I
mean
other
people
have
entered
the
room
and
they
move
money
around,
but
that's
what
it
is.
But
no
money
has
there's
no
more
money
in
the
room.
A
A
Don't
produce
something
tangible,
that's
true
I
mean
you
can
you
can
say
a
great
painting,
you
know
probably
will
have
some
value
500
years
now
may
not
500
years.
The
odds
are
pretty
good
that
if
it
was
a
big
enough
name
at
some
point,
but
there
will
be
a
few
things
I
mean
you
know
you
can
you
can
find
something
brave?
A
B
B
He
brought
a
paper
bill
with
him
to
try
to
make
his
point.
He
needed
props
to
be
able
to
say
this
is
money,
I'm
sorry,
I'm
sorry!
This
is
just
too
much.
This
is
too
much
wow,
just
wow
wow,
I'm
sorry,
it's
too
funny.
So
mr
buffett
needs
to
be
able
to
hold
a
little
bill.
To
be
able
to
say
this
is
money
yeah
I
could
be
holding
a
a
hardware
wallet
like
a
you
know,
a
bitcoin
hardware
wallet
like
a
ledger
and
say
the
same
thing
saying
this
is
money.
B
A
A
B
B
What
is
he
talking
about?
The
united
states
is
gonna,
let
berkshire
money
replace
theirs.
So
he
just
went
from
talking
about
how
the
us
dollar
is
the
only
money
which
is
a
ridiculous
statement
in
itself.
Last
time
I
checked,
every
single
country
in
the
world
has
their
own
money,
so
he
seems
oblivious
to
the
entire
forex
world.
In
his
statement,
saying
the
us
dollar
is
the
only
money.
That's
crazy,
now
I'll
give
some
I'll
give
some
leverage
and
like
not
leverage
but
I'll,
give
some
like
to
be
fair.
B
Maybe
he's
referring
to
fiat
as
being
the
only
real
money,
in
other
words,
government
issued
money.
He
said
that
it's
the
only
one,
that's
preferred
he
goes
on
about
how
he
seems
to
know
all
the
stats
about
how
many
of
them
are
there.
You
know
there's
billions
all
over
here
and
then,
mostly
probably
in
the
us
and
all
this
kind
of
stuff
he
couldn't.
If
we
were
to
ask
him
right
now
how
much
energy
is
going
into
the
bitcoin
network.
I
bet
you
he
could
not
answer
that.
B
He
couldn't
answer
that
because
he
knows
nothing
about
it
clearly
or
even
how
it
works.
So
I
just
thought
I
thought
that
was
hilarious,
but
then
I
didn't
understand
that
last
part
about
how
the
u.s
is
going
to
take
berkshire
money
and
asked
to
use
another
one.
What
berkshire
money
does
does
he
think
the
us
dollar
is?
Is
berkshire
money
like
I,
I
didn't
quite
get
that
it's
kind
of
a
weird
reference
it
was
almost
like.
B
He
feels
or
thinks
that
he
he
owns
the
dollar
or
he's
in
control
of
it
like
berkshire,
is
in
control
of
the
dollar
or
something
like
that's.
What
the
statement
sounded
like
like
the
us
is
going
to
come
and
tell
them
to
convert
berkshire
money.
Not
us
dollars
berkshire
money
into
something
else,
and
he
thinks
that's
ridiculous.
B
A
With
those
few
deficiencies,
you
know
you
can
whether
it
goes
up
or
down
in
the
next
year
or
five
years.
Ten
years
I
don't
know,
but
the
one
thing
I'm
pretty
sure
of
is
that
it
doesn't
it
doesn't
multiply,
it
doesn't
produce
anything,
it's
it's.
It's
got
a
magic
to
it,
and
people
have
attached
magics
to
lots
of
things.
I
mean
the
goal
in
wall
street.
You
know
great
magic.
A
You
know,
you
know
we
are
not
an
insurance
company,
we're
a
tech
company,
well
they're
an
insurance
company,
but
a
dozen
people
ourselves
raise
a
lot
of
money.
They
just
say
just
don't
pay
attention
to
the
fact
that
we
sell
insurance.
We
are
a
tech
company.
Well,
in
the
end,
they
wrote
insurance
and
overwhelmingly
they've
lost
a
lot
of
money.
Since
then
you
can,
you
can
make
up
things
that
work
well
and
getting
money
from
other
people
and
that's
why.
B
B
So
companies
will
use
this
as
a
means
for
being
able
to
raise
more
capital
and
nothing
really
wrong
with
that
as
long
as
it's
legitimate,
but
he
seems
to
take
issue
with
his
world
view
being
easy
to
understand
and
being
infiltrated
by
technology.
I
guess
we
all
know
that
warren
buffett
was
late
to
the
party
when
it
came
to
the
internet.
He's
now
seems
pretty
late
coming
to
the
party
when
it
comes
to
bitcoin
or
blockchain,
or
all
these
technologies.
B
I
sense
a
really
strong
old
economic
world
view
coming
from
mr
buffett,
I
do
not
agree.
It's
going
to
serve
him
well
going
forward
simply
because
the
world's
changed
and
the
fiat
money,
the
real
us
dollar,
the
preferred
money
that
he
he
refers
to
just
had
80
of
its
supply
increased
in
the
last
few
years.
Okay,
so
the
idea
that
he
thinks
that
it's
infallible
in
this
way
is
just
crazy
and
probably
the
reason
why
he's
making
these
comments
is
because
he's
sitting
on
so
much
of
it.
B
So
it's
very
important
to
understand,
sometimes
where
some
people
are
what
position
people
are
in,
while
they're
giving
their
input
on
things.
As
we
saw,
he
clearly
was
giving
a
false
dichotomy
in
comparison
of
bitcoin
to
one
percent
of
owning
farmland
or
an
apartment
buildings
right.
So
that
was
disingenuous.
B
I
think
that
it's
important
that
we
be
mindful
of
these
things
when
we,
when
we
hear
opinions
from
rich
people
in
the
space
and
as
things
change,
it's
important
that
we
all
stick
together
and
we
really
pay
attention
to
the
things
that
are
being
put
out
there,
because
sometimes
the
opinions
being
given
are
not
for
your
interests
they're
for
theirs.
So
that's
my
take
on
mr
buffett's
input
on
25
dollars
for
all
the
bitcoin
in
the
world,
so
I'll
see
in
the
next
one.