The renowned billionaire investor Warren Buffett said that he would not buy all the bitcoins for $25, as he does not see any value in them. This was reported by CNBC.
“What would I do with them? One way or another, I would have to sell them back to you. This would yield nothing. Apartments would provide rent, and farms would produce goods. Assets must produce something. There is only one established currency.” — explained the well-known Bitcoin skeptic.
As a more sensible alternative, Buffett proposed buying all agricultural land or multi-family homes in the United States that deliver “real value”.
Buffett is known for his negative stance on Bitcoin. In February 2020 he назвал the first cryptocurrency “a complete zero”, lacking value. Earlier the billionaire predicted the collapse of the crypto industry. When talking about Bitcoin, he used terms such as “rat poison in a square” and “illusion without unique value”.
In response to the latest statements, many in the crypto community urged Berkshire Hathaway’s head to educate himself on the subject and study existing use cases.
Elon Musk found it amusing how many times Buffett mentioned Bitcoin in his speech.
Haha he says “Bitcoin” so many times
— Elon Musk (@elonmusk) May 1, 2022
On the eve of Berkshire Hathaway’s annual meeting, another Bitcoin skeptic, JPMorgan CEO Jamie Dimon, partially softened his stance on the first cryptocurrency. In October 2021, the top executive назвал digital gold “useless”, but later признал the value of blockchain technology and DeFi.
In the latest interview, the CEO noted that he still does not like cryptocurrency and that one should exercise caution when investing. At the same time, Dimon emphasized that digital assets can help in cross-border payments.
“If you told me: ‘I want to send $200 abroad,’ that could take you two weeks and cost you $40. You could do this with digital currency, and it would take you mere seconds.” — he explained.
As noted, Buffett, Dimon and BlackRock CEO Larry Fink have been named among the main enemies of Bitcoin, in a list compiled by PayPal co-founder Peter Thiel.
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