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Spotlight on Buffett’s Annual Letter

Bloomberg Businessweek

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Is There a Better Way to Regulate Cryptocurrency?

We're already in a digital world. We started with the only possible worst-case scenario, but you're absolutely right. This makes it much more efficient. I think regional banks... Things could be settled faster, right? Think about that maybe more cheaply. There are benefits. Totally. Anybody try to do a wire transfer lately? The charges are really outrageous. Takes three days or whatever. So this is definitely a positive. Like I said, we landed on the one square on the board that maybe private citizens should be concerned about. And when you work backwards from there and everything, I think is much more positive, much more modern, much more efficient, and definitely cost effective.

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