Warren Buffet's view towards bitcoin in 2018 was 'probably rat poison squared'.
However on JAN 23 2020 , Warren Buffet received his first bitcoin from Justin Sun (Tron founder and Bittorrent CEO) during a dinner.
[ Source: Bitcoin, Tesla Stock, Tron: How Warren Buffett Got His First Bitcoin | Bitcoin News ]
Warren Buffet advise to ordinary investors has always been investing in index fund.
"My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund (I suggest Vanguard‘s). I believe the trust’s long-term results from this policy will be superior to those attained by most investors—whether pension funds, institutions, or individuals—who employ high-fee managers."
[Source:Understanding Warren Buffett's Retirement Strategy (thebalance.com) ]
Diversification is his advocation.
In the cryptoworld, is there a way to invest in one completely decentralised token so as to diversify and earn wealth by the proven method of Warren Buffet?
What could be the way of owning one token that represents the whole market cap of the cryptoworld?
What could be the way of diversifying in owning cryptos?
The answer is: BASE PROTOCOL
[ screenshot from website of Base Protocol ]
Base Protocol has plans to be listed in centralised crypto exchange in 2021.
Currently the only way of buying Base Protocol is by swapping ERC20 tokens to Base Protocol token.
Uniqueness of Base Protocol is that in early stages of adoption, there is going to be drastic rebalancing.
If the Base Protocol is going to be in huge demand, it can drastically increase the number of tokens in the wallet in early stages.
If Base Protocol is under selling pressure, the tokens in the wallet can decrease too.
But, at any point of time the value of one token is going to pegged to the total market cap of all cryptocurrencies at a ratio of 1 : 1 trillion.
[ screenshot from website of Base Protocol ]
It is widely believed that Bitcoin is in a process of 10X.Other alternative coins will also increase in value.
Definitely the market cap of crypto is going to be in the uptrend.
The acceptance of crypto has become mainstream and it is going to be adopted easily be many people in the future.
Payment using crypto would also be easier with availability of crypto debit cards.
The likelihood in seeing the crypto market cap dwindling is very low.Thus the price of BASE PROTOCOL is able to capture the uptrend perfectly.
It is a unique token that is able to capture the old-school method of diversification philosophy in the new era of cryptocurrency.
How to buy Base Protocol ? [Links copied from official page of Base Protocol]
How to Buy BASE on 1INCH - Base Protocol - Medium
How to Use the BASE Cascade. Follow these 3 easy steps to start… | by Base Protocol | Base Protocol | Nov, 2020 | Medium
BASE PROTOCOL is definitely worth being in everyone's decentralized wallet at this moment.
* Ironically, BITCOIN is believed to even beat the market cap of Warren Buffet's Berksire Hathaway.
[ Source:Warren Buffett Called Bitcoin 'Rat Poison' — Now It's Closing In On Berkshire Hathaway's Valuation (yahoo.com) ]
