Warren Buffett’s Skepticism of Crypto: What Would He Say About AltSignals’ ASI Coin?

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Warren Buffett’s history of being a crypto-critic has re-emerged, as his investment firm, Berkshire Hathaway, continues to hold a $1.5 billion stake in Brazilian fintech giant Nubank. Despite this, Buffett’s annual letter outlines three reasons why he believes crypto will ‘come to a very bad ending.’ With trading signals platform AltSignals announcing the presale of its native ASI coin, what would Buffett make of it? Crypto investors, however, may be more optimistic about it, viewing it as one of the best cryptos to invest in now.

Warren Buffett’s Reasons for Crypto Skepticism.

It’s not easy to reconcile Buffett’s skepticism of crypto with Nubank allocating 1% of its net assets to Bitcoin (BTC). Nevertheless, the veteran investor has been consistent in his apprehension of crypto, as his most recent annual letter outlines three main reasons:

  1. Crypto doesn’t offer anything unique –Buffett prefers stocks in corporations that offer tangible production and cash flow.
  2. He doesn’t consider crypto to be money –Buffett has argued that BTC doesn’t meet the criteria of a currency, as it’s not a durable means of exchange or store of value.
  3. He doesn’t comprehend crypto –Buffett has acknowledged his own lack of knowledge on crypto, and as such, has never taken a trading position.

Crypto investors have challenged Buffett’s views on crypto for many years, and with AltSignals’ ASI presale gaining traction, here’s why many believe it’s one of the best cryptos to invest in currently.

What is AltSignals?

AltSignals is already a top provider of trading signals, having cultivated a community of over 50,000 members since its launch in 2017. Its market-leading AltAlgo™ trading indicator tool has proved successful in helping investors maximize profits from various financial trades, from crypto to Binance futures, FOREX to CFD.

The effectiveness of AltSignals’ trading intel is highlighted by users increasing their holdings by 10X in Binance futures trading 19 out of 32 months. Now, the platform is turning to artificial intelligence to refine its outputs and generate even better signals for its membership, using its ActualizeAI trading stack.

Actualize AI utilizes various AI technologies to take its outputs to the next level. Machine learning applies regressive pattern recognition to signals, allowing a rules-based logic to be implemented, resulting in more accurate predictions. Additionally, predictive modeling incorporates historical trading data trends to the outputs, enabling more precise predictions based on past market performance. After reinforcement learning is employed on the final outputs, ActualizeAI’s signals provide its members with a balanced risk/reward ratio on each trade.

How does ASI Work?

The ASI token release will help fund the development of the ActualizeAI trading stack, as well as supporting the entire AltSignals ecosystem. ASI will be used as a medium of exchange on AltSignals, allowing transactions and unlocking access to valuable trading assistance.

Immediately after purchasing ASI, coin holders will gain access to ActualizeAI-powered signals, while also having the opportunity to join the AI Members Club. These members will be rewarded with crypto for beta testing new features and products, as well as having exclusive access to the most promising presale and public sale opportunities.

Aside from offering utility to coin holders, the ASI coin is also set to become a governance coin, providing holders with voting rights to decide the future direction of AltSignals.

How High Can ASI Go in 2023?

Investors are enthusiastic about the potential of the ASI coin, due to its early adoption of AI technology and its expansive trading possibilities. Combined with its embedded utility and deflationary tokenomics, it looks likely to draw in a larger audience, driving up the demand for ASI as its AI results become more apparent.

Experts are predicting that the ASI coin could easily surpass the $1 barrier before the end of 2023, making it one of the best cryptos to invest in this year. This would equate to a 40x increase from the final presale price of $0.02274, and an even greater return for investors that reserve their tokens during the Stage 1 round at the discounted price of $0.015.

Is ASI a Good Investment?

It’s likely that Warren Buffett would view the ASI presale with the same degree of contradictory skepticism as all

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