Those who have always sneered at cryptocurrencies“Stock God” Warren Buffett recently made a series of negative comments again, criticizing Bitcoin as not a productive asset, without intrinsic value, and without substantial effect, and more bluntly, even if it only costs $25, it can wipe out everything in the world. of Bitcoin, and he is unwilling to buy it.
At Berkshire Hathaway’s annual shareholder meeting over the weekend, Buffett said,
Blocker has repeatedly reported Buffett’s “unique insights” in the past. In 2018, he first likened Bitcoin to “rat poison”, “a delusional illusion that attracts magicians”, “worthless”, “real bubbles”, and then At the shareholders meeting, he said, “Bitcoin is like a gambling device.” In 2020, he again criticized cryptocurrencies, stating, “Cryptocurrencies have no value, and I have never and will never hold any cryptocurrencies.”
Today, the legendary investment guru reiterates that he would never buy any cryptocurrency, no matter how cheap it was.
Marc Andreessen, founder of Silicon Valley venture capital firm Andreessen Horowitz, shared a video of Buffett’s criticism of Bitcoin on Twitter, showing Berkshire’s See’s Candies on the table. Marc Andreessen said in a post, “It’s crazy that he’s still saying these things while he’s peddling diabetes outright.”
“This is money,” Buffett pointed out, holding a $20 bill.
Third, it makes us look stupid compared to China’s Communist Party leaders. They banned bitcoin in China, what a smart move.
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