According to ZhiTong Finance, Warren Buffett recently described the current market as a “church with a casino attached,” distinguishing traditional value investing from the surge in short-term options trading and speculative betting. Buffett stated that while more people remain in the “church” than the “casino,” the allure of the latter has grown significantly. He characterized daily options trading as pure gambling rather than investment or speculation, and noted that overall gambling sentiment has reached its peak.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
A U.S.-Iran peace memorandum has been released? Oil prices plunge, U.S. stocks hit new highs, and Bitcoin rises to $82K
A U.S.-Iran peace memorandum has been released, signaling an end to the war and a framework for nuclear talks, with oil prices falling more than 7% and energy risks easing. U.S. stocks hit fresh highs driven by AI and semiconductors, with AMD and NVIDIA leading gains. Bitcoin rose to about $82,850, pushed by inflows into spot ETFs and a squeeze on shorts. TON surged to $2.45 after Telegram took over governance, with a notably strong rally.
ChainNewsAbmedia3m ago
Grant Cardone Adds $100M Bitcoin to Balance Sheet Alongside Real Estate at Consensus
According to CoinDesk, real estate investor Grant Cardone announced on May 7 at the Consensus conference that his firm added $100 million in Bitcoin to its balance sheet as part of a $235 million real estate acquisition. The purchase builds on an earlier Bitcoin investment made earlier in 2025,
GateNews7m ago
Nvidia Invests $500M in Corning for US Fiber-Optic Expansion
According to Bloomberg, Nvidia bought $500 million in Corning share rights earlier in 2026 to expand US fiber-optic supply for AI data centers. The investment includes rights to 3 million shares and options to purchase up to 15 million additional shares at $180 per share.
Corning plans to raise US
GateNews7m ago
XRP Spot ETFs See Combined Inflows of $13.03M Overnight; Bitwise XRP ETF Leads
According to ChainCatcher citing SoSoValue data, U.S. XRP spot ETFs recorded combined inflows of $13.03 million overnight (May 6). Bitwise XRP ETF (XRP) led with $7.33 million in single-day inflows, bringing its historical cumulative inflows to $434 million. Franklin XRP ETF (XRPZ) followed with $5.
GateNews11m ago
SEC Sues 21 Individuals for Decade-Long Cross-Border Insider Trading Scheme Generating Millions in Illegal Profits
According to the SEC statement released on May 7, the U.S. Securities and Exchange Commission sued 21 individuals for participating in a cross-border insider trading scheme spanning from 2018 to 2024 that generated millions of dollars in illegal profits. The scheme allegedly involved the theft of
GateNews25m ago
U.S. Teachers Union Calls for SEC Scrutiny of SpaceX IPO Valued at $2 Trillion on May 7
According to BlockBeats, on May 7, the American Federation of Teachers, one of the largest U.S. public unions, called on the SEC to scrutinize SpaceX's initial public offering, citing valuation that defies financial logic.
SpaceX is seeking to raise $75 billion at a $2 trillion valuation, which
GateNews49m ago
