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Welcome to the monthly crypto update on Börse Stuttgart TV. This will now be a regular format, and we will regularly switch to my guest, whom I will introduce to you shortly. First, of course, we want to look at the topic, and Warren Buffett has spoken out. The legendary investor described an investment in Bitcoin and other cryptocurrencies as " rat poison squared" at the Berkshire Hathaway annual meeting.
Is it really that bad? That's exactly what we want to discuss today with Markus Miller, from the politician to "Good morning, Mr. Müller, from Mallorca" here in Stuttgart. Good morning, Mr. Müller! Warren Buffett stated at the recent AGM, in no uncertain terms, that cryptocurrencies are an unproductive investment.
I prefer productive investments like stocks. How do you assess such statements? I'd like to point out that Warren Buffett, with his old British roots, is of course a living legend. However, one shouldn't forget that Warren Buffett is now 48 years old. But well, a year ago, or rather this year, Charlie Munger turned 88.
You can get to that point now, over 90 years old, and age doesn't protect against folly. But I want to point out that he has often misused new technologies in the past, especially with stocks like Amazon or Google. And he says today that it was stupid and fatal for him. As I said, the other point is very important in this context.
Warren Buffett's reasoning isn't convincing. He argues that currencies, like David, have productivity. That's simply wrong. Currencies have functionalities, for example, against violence, in relation to a hotel, in relation to the Internet of Things, i.e., the linking of 50 systems and devices to the internet and a multitude of registrations.
And I really wish that whoever still has enough life left to experience that... That was just a few years ago, as I did with Amazon and Google. I also spent days until... Cockpit and the competitors here, but let's briefly return to productivity because, as of today, it already looks a bit like he wasn't entirely wrong about the weapon.
There are quite a few cryptocurrencies that haven't yet proven their productive use. The return of content to TV is absolutely crucial, and comparable to developments in the new market or in top form, stable development, Google, many amateurs are just serving, and even in Q3 we have 1600 currencies today.
They were getting closer daily, and many will die. We will have discovered a gigantic amount of data. We will have suspended sentences, but those young people who have titles in their respective segments have the opportunity to promote the new Amazon, the new apps, the new Google in the Arab world through digitalization.
So let's take a closer look at which cryptocurrencies currently have, at least from your perspective, the potential to actually deliver the productivity idea. But of course, he retains images as the world's leading currency, Bitcoin as a porter and currency. Then, of course, there are interesting functionalities, the legendary contracts, so-called smart ones from Brady SMI, for a very interesting explanation.
Then there are also so-called paid ones, which can revolutionize payment transactions, something like Dynamo or even today. And then, as already mentioned, the Internet of Things will become the future. We have, for example, the AOK, its justification and very, very excellent future activity, and I'm currently something generally capitalized on the spinal cord, so the applications with the spinal market capitalizations, which also have development carefully in this market due to their acceptance and market bring and to bet there, and that's why I recommend investors, in addition to as a basic investment, also the leading ones, the fifth band router currencies and 3 the finished ones, the round arches, other asset classes in the files, in real estate, in commodities, only in bonds.
Finally, a small shift towards crypto knowledge, we have previously experienced a lot of confusion regarding the terminology and tokens, where exactly. Unfortunately, the differences are always there for many investors, so today around 20 percent or rising is okay, that high is also right on the real economy applications, the crazy currencies, and when you look at these real economy functionalities, the applications, then you have to distinguish, is that a NIC or is it a post, and here is actually the distinction in which Bernd, a few quartered on his own blog chain and 1 point of need, the bells of another re-probation, but of course he has his justification and also many dead and rescuers, Markus Miller, thank you very much for the conversation and many thanks to Mallorca, if I interpret the pictures correctly, it's quite bearable there today, many many thanks and see you soon, I love viewers, please tune in again next time for the monthly crypto update on Börse Stuttgart TV
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