Buffett on Bitcoin: "Stay Away"
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....
Related News
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....
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....
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....
In an interview on CNBC's popular morning program 'Squawk Box', Legg Mason's Bill Miller dismissed Warren Buffett's statements on bitcoin as flawed. The former Legg Mason CFA, chairman and CIO, and current portfolio manager for the Legg Mason Capital Management Trust reiterated his support for bitcoin, directly addressing the legendary investor's opinions on the subject in the process. Buffett has been outspoken in his views about bitcoin as an investment, calling its value a 'mirage' and urging investors to 'stay away' from the digital currency, though his statements have suggested he....
Elon Musk went after Bitcoin hater Warren Buffett recently, sharing what looked like a bullish crypto quote attributed to the billionaire investor. The tech entrepreneur, whose comments on social media have been moving crypto markets this year, later removed the post with the obviously fake Buffett statement. Elon Musk Finds Buffett’s ‘Best Financial Advice’ Tesla CEO Elon Musk tweeted a meme of the famous American business magnate Warren Buffett with a quote underneath reading “Find as many coins as you can. And fast!” Musk attributed the statement to....