When it comes to investing, there are various principles espoused and highly regarded by two top 21^st century billionaires: Warren Buffet and Elon Musk. Warren Buffet is a typical conservative investor who believes in the philosophy of value investing. This basically involves finding undervalued assets with quality fundamentals. Warren Buffet (nicknamed the Oracle of Omaha) believes that the market will over time favor quality assets and price them accordingly. Buffet is a long term buy-and-hold investor who once said that his favorite holding period is “forever”.

On the other hand, Elon Musk is very much a modern tech icon who is considered a futurist. Musk was a child prodigy who first sold a computer game he coded at age 12. But he found the limelight following EBay’s purchase of PayPal, a company he helped co-found, in 2002. He used his share of the $1.5 billion payout to pursue further tech ambitions. He is now the face behind Tesla, an electric carmaker, and SpaceX, a space exploration company. He is also involved in various other tech and AI-related companies. While Buffet is considered an ‘Oracle’, Elon Musk is seen as a true ‘Visionary’. And their beliefs about cryptocurrencies could not be further apart.

Musk has earned the nickname ‘The Dogefather’ after a series of positive tweets for the memecoin, Doge. He is also a public backer and a strong believer in cryptocurrencies. Musk first hyped the cryptocurrency, which was literally created as joke, by saying that it was ‘much better than a lottery ticket’. But his biggest endorsement of cryptocurrency was the announcement that Tesla, the company he leads, bought $1.5 billion worth of Bitcoin and would be accepting the cryptocurrency as one of the payment methods for acquiring its cars. Musk has even disclosed that he has personal Bitcoin holdings and will not be cashing out any time soon.

In contrast, Buffet is a well-known Bitcoin and cryptocurrency skeptic. He is on record calling Bitcoin a ‘delusion’ and ‘rat poison’ that basically has no value. Buffet has confirmed that he has not Bitcoin holdings and has vowed to never own any. He has described Bitcoin as something that ‘you can’t do anything with’ except to ‘sell to someone else’. He has cast doubt on its future prospects and even asserted with conviction that it will eventually ‘come to a bad ending’. Buffet has always explained that he only invests in things he understands, and clearly, he does not fancy Bitcoin.

Both Buffet and Musk are successful investors of our time. The jury is still out on who sees Bitcoin for what it is. Would you trust the wisdom of an ‘Oracle’ or the visions of ‘The Dogefather’?