Today news
About the same in other media
Warren Buffett gives his most expansive explanation for why he doesn't believe in Bitcoin
Reading now: 786
In this article
Bitcoin has steadily been gaining acceptance from the traditional finance and investment world in recent years but Warren Buffett is sticking to his skeptical stance on bitcoin.
He said at the Berkshire Hathaway Annual Shareholder meeting Saturday that it's not a productive asset and it doesn't produce anything. Despite a shift in public perception about the cryptocurrency, Buffett still wouldn't buy it.
«Whether it goes up or down in the next year, or five or 10 years, I don't know. But the one thing I'm pretty sure of is that it doesn't produce anything,» Buffett said. «It's got a magic to it and people have attached magics to lots of things.»
Read more on cnbc.comAbout this in other media
Market crash gives crypto its biggest test as 40% of bitcoin investors are now ‘under water’ fnlondon.com /2 years ago
Bukele Showcases Bitcoin City Plans and ‘Buys the BTC Dip’ Amid Stark Warning cryptonews.com /2 years ago
Crypto community lashes out at Buffett, Munger for harsh criticism economictimes.indiatimes.com /2 years ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
![With Bitcoin [BTC] holding the fort at $40k, will it be able to stage a rally soon](https://fvbb.com/storage/thumbs_400/img/2022/5/2/23400_gyl.jpg)
