Why are Buffett, Munger, and Duan Yongping not interested in cryptocurrencies?

1. The basic principle of value investing for old Ba and the others can be summed up in one sentence: buying stocks means buying companies, and buying companies means buying their cash flows.

For things like Bitcoin and gold that do not have cash flows, they do not meet this assessment standard. However, many cryptocurrencies, especially platform tokens, are of a securities nature, such as BNB, which can essentially be viewed as stocks.

2. Regarding investments, the author of "Rich Dad" holds a completely opposite stance; he despises stocks and securities, believing they are scams. He advocates for assets with a fixed supply like Bitcoin and gold. This is because their supply is limited, making them more scarce compared to fiat currency, capable of resisting inflation.

These two views are actually not in conflict.