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Why Warren Buffett hates Bitcoin

From finance.yahoo.com

The CEO of Berkshire Hathaway doesn’t hold back his feelings. “I don't have any Bitcoin. I don't own any cryptocurrency, I never will,” he told CNBC in 2020. Here are three reasons Buffett won’t go near it. 1. It has ‘no unique value at all’ The billionaire investor doesn’t like Bitcoin because he considers it an unproductive asset. Buffett has a well-known preference for stocks of corporations whose value — and cash flow — come from producing things. But cryptocurrencies don’t have real value, Buffett said in a CNBC interview in 2020. “They don't reproduce, they can't mail you a check, they can't do anything, and ... (full story)

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