Why Warren Buffett hates Bitcoin | Crypto Craft

  • 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 ... (full story)

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yieldjunkie
Jan 27, 2021 8:53am — Edited
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Buffett also isn't afraid to change direction...

"Famed investor Warren Buffett called the airline business a “death trap” for investors back in 2013. Now, the Omaha-based financial whiz has turned into one of its biggest investors...

Buffett has invested nearly $10 billion through his holding company Berkshire Hathaway in United, American, Delta and Southwest airlines in the last few months, according to Securities and Exchange Commission filings." Circa 2017.
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