Henrik Zeberg

Don't think you're special.

Don't think that you know more than we do.

These are some of the statements from the law of Yante.

And I think that is dangerous.

I think that is actually driving a common thinking that can bring, you know, hazard outcomes.

And today I want to talk about something that may be a little more dry, which is Bitcoin, crypto, bubbles, financial bubbles.

Bitcoin is a mineral disease.

Bitcoin is rat poison squared.

These are not my words.

These are the words of Charlie Munger and Warren Buffett, two of the most prominent investors this world has ever seen, most successful investors,

5 million percent in returns over their investment careers.

Speaks for itself.

So when they talk and speak, and unfortunately Mr. Munger is dead, but when they did talk or when they speak, we have to listen.

And I definitely listened.

Bitcoin has, of course, had a fantastic journey.

And we all need to praise, of course, the amazing returns that that has given over the years.

But when we hear about it, of course, we have to wonder why are the two most successful investors in the world talking about it like rat poison?

And I can tell a personal story.

In 2016, I was close to investing in Bitcoin.

Actually buying around maybe $150,000 worth of Bitcoin, which today would have had a value of around $20 to $25 million.