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TradFi
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One platform for global traditional assets
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Hot
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$ETH Buffett describes the current market as a "church with a casino," and states that the gambling sentiment has peaked. According to ZhiTong Finance, Warren Buffett recently characterized the current market as a "church with a casino," distinguishing traditional value investing from the surge in short-term options trading and speculative bets. Buffett said that although more people still remain in the "church" than in the "casino," the appeal of the latter has grown significantly. He described daily options trading as pure gambling rather than investing or speculation, and pointed out that overall gambling sentiment has reached its peak.