Warren Buffett believes Bitcoin has no unique value at all

Warren Buffett believes Bitcoin has no unique value at all

Warren Buffett thinks blockchain technology ’is important,’ but said Bitcoin has no unique value at all. Buffett reiterated his long-held views on Bitcoin, calling the way some people perceive the cryptocurrency ’a delusion’. Buffett has long been wary of Bitcoin - in May 2018, he referred to Bitcoin as ’rat poison squared’, noting that it was a ’nonproductive asset’.

darkwingsmurf 1 year

It has as much value as people are willing to associate to it

dindu jujitsu
dindu jujitsu 1 year

Warren Buffett is an old white cis gender male. Tax him out of his money at 90%. ~ NPC#13371776

Son Of Shaw
Son Of Shaw 1 year

Just like anything, it’s value is based off of people’s willingness to pay for it.

Arker 1 year

Back to bed, grandpa. You're rambling again. Time for your pills. Come sit down and watch "The Wheel."

Kitty Barbieto
Kitty Barbieto 1 year

Non productive assets like the president, bankers, and politicians. The poor are weary of bank fees every time they turn around. But that's their problem right? You aren't having to choose between more groceries or sending a family member some money are you?

Roadhog 1 year

Non-productive doesn't mean worthless. Currency is inherently useful as a lubricant of trade. We saw the use of Bitcoin rise in Venezuela as the official currency became hyperinflated. When it can be used to fulfil a need like that it's saving people's lives. It sure as hell has value to them. Maybe Buffet lives too high up in the ivory tower to see.

Tony Johnson
Tony Johnson 1 year

I've been thinking this all along. It's just decentralized, that's it. It's still simply money.

noonespecific 1 year

Neither do basketball cards. But people still spend plenty of money on them.

Randy Souse-Git
Randy Souse-Git 1 year

Oddly I agree with him even though I believe Warren Buffet has no unique value at all. Parasites are solely detrimental to their hosts and benefit only themselves.

Got Truth
Got Truth 1 year

Bitcoin has the exact same thing as the American dollar backing it.........air of belief.

Brian of Life
Brian of Life 1 year

Tell that to the guy who sends me my weed in exchange for some....no, wait, don't!!

Weaponeer (Low Speed)
Weaponeer (Low Speed) 1 year

He ain’t wrong.

mawfu 1 year

He probably does hold bitcoin knowing his word is gold in the financial system. An endorsement from the wizard of Wall Street would bring a massive wave with it. He's the OG hodl

ConcealCarryProtect 1 year

He is not wrong.

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