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Warren Buffett blasts bitcoin as worthless and vows he will never own a cryptocurrency

From markets.businessinsider.com

Warren Buffett dismissed bitcoin and other cryptocurrencies as worthless in a CNBC interview on Monday. "Cryptocurrencies basically have no value," Buffett said. "They don't produce anything." "You can't do anything with it except sell it to somebody else," he added. "But then that person's got the problem." The billionaire investor and Berkshire Hathaway CEO trashed cryptocurrencies despite hosting a belated charity dinner with Tron CEO Justin Sun and four other crypto bosses last month. Sun said he gave Buffett a pair of Samsung Galaxy Fold smartphones loaded with a bitcoin and nearly $2 million worth of Tron's ... (full story)

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  • Category: Fundamental Analysis