Buffet once again raises a less than favorable opinion on Bitcoin By CoinQuora

Buffet once again raises a less than favorable opinion on Bitcoin

  • Billionaire Warren Buffett has once again made his unfavorable opinion known.
  • He also said that while he’s not sure if the price of Bitcoin will go up in the future, he’s still sure that “it doesn’t produce anything.”
  • The crypto community does not share Buffet’s sentiments and many community members laughed at his comments.

Billionaire Warren Buffett has once again issued his unfavorable opinion on Bitcoin. He was known to have noticed that he wouldn’t even buy all the bitcoins in the world for $25.

The 91-year-old Buffet is a well-known crypto-skeptic and one has even called Bitcoin “rat death squared.” The reasons for his skepticism usually stem from the fact that digital assets offer no tangible value.

Buffet made an appearance at Berkshire’s annual meeting of shareholders on April 30. Here he commented on crypto and the widespread adoption seen in the industry. He also said that while he’s not sure if the price of Bitcoin will go up in the future, he’s still sure that “it doesn’t produce anything.”

Buffet was overheard saying “now if you told me you own all the Bitcoin in the world and offered it to me for $25, I wouldn’t take it because what would I do with it? I should sell it to you one way or another. It won’t matter. The apartments will produce rents and the farms will produce food.

Buffet also added that for assets to have value, they have to deliver something to someone.

The crypto community, on the other hand, does not share Buffet’s sentiments and many in the community scoffed at his comments.

One crypto fan shared his opinion on Twitter (NYSE:) and said, “Warren Buffet thinks crypto is worth zero funny id because he literally has no idea a customer just paid $2 million to use the software for two hours.”

Crypto influencers like Marc Andreessen and even Elon Musk joined in on the fun.

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