Warren Buffett Urges Investors to 'Stay Away' from Bitcoin
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....
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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....
When Warren Buffett speaks, like the old EF Hutton commercials used to say, people listen. Older people at least. He is nothing less than a master investor, with an unparalleled history of success and influence. And since people tend to follow leaders, and need to be led, he can banish a stock or industry to junk bond status at any time. His recent comments for the coming year now include Bitcoin, and his commentary is not pretty. Also read: 2014 - The Best and Worst Year for Bitcoin So Far. Warren Buffett: Stay Away From Bitcoin. A little background on Warren Buffett. He seems to have a....
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....
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....
What could Warren Buffett, one of the richest men in the world, have against bitcoin? Did it hurt him in some way? Did it embarrass him or humiliate him at a conference? It would appear that the billionaire entrepreneur has a bit of a grudge against the digital currency. The "Oracle of Omaha" gave the warning to investors in 2015 that they should avoid bitcoin when they can. Buffett explains: "Stay away from it. It's a mirage, basically... It's a method of transmitting money. It's a very effective way of transmitting money, and you can do it anonymously and all that. A check is a way of....