Warren Buffett: Bitcoin is Not a Currency
Warren Buffett hardly needs an introduction - the legendary 83-year-old investor and CEO of Berkshire Hathaway has a résumé that can put just about anyone to shame. However, you're unlikely to find the phrase "bitcoin believer" on this particular CV. Speaking to CNBC, Buffett touched on many issues, from the crisis in Crimea to his eventual successor and even bitcoin. What the 'most successful investor of the 20th century' had to say about the latter is not very encouraging, however. Bitcoin won't be around in a decade or two. Buffett brought up bitcoin in a curious context. He argued that....
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Berkshire Hathaway CEO Warren Buffett says he won’t buy all the bitcoin in the world for $25. Meanwhile, his longtime business partner and right-hand man, Charlie Munger, says bitcoin is stupid and evil, noting that the cryptocurrency makes him look bad. Warren Buffett Explains Why He Won’t Buy Bitcoin Warren Buffett and Charlie Munger talked about bitcoin during Berkshire Hathaway’s annual shareholders meeting Saturday. Buffett is Berkshire’s CEO and chairman of the board. Munger, often known as his right-hand man, is the company’s vice chairman of the....
Berkshire Hathaway Chairman and CEO Warren Buffett has spoken his mind on bitcoin, and the verdict is that he says it is "not a currency". He voiced his opinion during an interview on the financial network CNBC on Monday morning. The billionaire business magnate - highly respected in the finance industry - said that bitcoin doesn't meet the specifications of a currency, of which includes being a reliable store of value. Buffett said he wouldn't be surprised if bitcoin was not around in 10 to 20 years, according to MarketWatch. As expected, some in the bitcoin community aren't accepting the....
Master investor and chairman, CEO of Berkshire Hathaway Warren Buffett, isn't shy about his financial opinions. Appearing on CNBC Friday to discuss an NCAA-related contest, Buffett weighed in on a number of topics, including bitcoin. "Stay away from it," he was quoted as saying in a transcript. "It's a mirage basically." He said that the idea bitcoin might have "intrinsic value is just a joke." On a positive note, Buffett did acknowledge that bitcoin was "a very effective way" of transmitting money, but added that so were checks and money orders. This isn't the first time Buffett has....
Raising the minimum wage is not the answer, according to Buffett. An earned income tax credit is a solution he prefers, as it should have a more positive effect. Financial experts are on the fence about the current state of the US economy. Many people seem to believe everything is on the right track, but that is not necessarily the case. Warren Buffett issued a clear warning to the rest of the world, by highlighting the weakened state of the economy. In fact, he even mentions how the rich guys are still getting the upper hand, rather than creating a more diversified playing field. Any....
Renowned investor and Berkshire Hathaway CEO Warren Buffett spoke out about bitcoin for the second time in as many weeks, calling the digital currency "a mirage" in an interview with CNBC on 14th March. The comments follow Buffett's first statements on bitcoin on the network on 3rd March, when he suggested that bitcoin was not a currency, writing it off as a passing fad. Buffett was similarly dismissive of bitcoin again in his latest interview, at least as an investment opportunity, advising investors to "stay away from it". He added: "It's a mirage basically." Buffett did however allude....