Cryptocurrency Q&A What did Warren Buffett say about bitcoin?

What did Warren Buffett say about bitcoin?

Arianna Arianna Sat Jun 22 2024 | 5 answers 1147
In the realm of cryptocurrency and finance, renowned investor Warren Buffett has made his stance on bitcoin quite clear. His views on the digital currency are notably critical, describing it as a "delusion" and "rat poison." He has publicly stated that he will never own any cryptocurrencies, arguing that they attract charlatans and "basically have no value." His partner and Berkshire Hathaway Vice Chairman, Charlie Munger, has echoed these sentiments, calling bitcoin "disgusting" and "contrary to the interests of civilization." Munger has further described crypto investing as akin to "trading turds," emphasizing the volatility and lack of practical use as a means of exchange. Buffett's views on bitcoin reflect his longstanding approach to investing, focusing on practicality and value, rather than speculation and trends. What did Warren Buffett say about bitcoin?

5 answers

EthereumEmpire EthereumEmpire Mon Jun 24 2024
Buffett's views on crypto have remained consistent over the years, and he has often warned investors against investing in this volatile market.

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Giovanni Giovanni Mon Jun 24 2024
Despite the popularity and growth of cryptocurrencies, Buffett believes that they lack intrinsic value and are not suitable for long-term investments.

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FantasylitElation FantasylitElation Mon Jun 24 2024
Among Buffett's quotes about crypto, he has emphasized the importance of understanding the underlying value of an investment and avoiding speculative bubbles.

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Valeria Valeria Mon Jun 24 2024
Warren Buffett, a renowned investor, has expressed his skepticism towards bitcoin and cryptocurrencies in numerous occasions.

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SamuraiHonor SamuraiHonor Mon Jun 24 2024
One of his most striking statements was likening bitcoin to "worthless delusion" and describing it as "rat poison squared."

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