According to Compounding Quality, Warren Buffett criticized the reliance on modern finance theories such as CAPM, beta, and Black-Scholes, stating that the real focus should be on determining the intrinsic value of businesses rather than complex formulas (source: Compounding Quality on Twitter, June 14, 2025). For crypto traders, this underscores the importance of fundamental analysis over quantitative models when evaluating assets like BTC and ETH. The shift away from traditional valuation methods may drive increased volatility and open opportunities for traders who prioritize deep asset research, especially as institutional investors re-examine how they assess both stocks and cryptocurrencies.