Warren Buffett Says He Wouldn’t Buy All the Bitcoin in the World for $25

Warren Buffett Says He Wouldn’t Buy All the Bitcoin in the World for $25
ôîòî ïîêàçàíî ñ : futurism.com

2022-5-4 00:22

Simon Says

Warren Buffett is one of the world’s wealthiest people and the CEO of Berkshire Hathaway, one of the largest and richest holding companies in the world. You’d think his financial advice would resonate with a lot folks, but his latest remarks on cryptocurrency aren’t likely to inspire much love among its fans.

A new CNBC interview published Saturday painted Warren as solidly anti-Bitcoin. The investor said he couldn’t be bothered to invest in the asset, even if it was offered to him for next to nothing.

“If you told me you own all of the bitcoin in the world and you offered it to me for $25 I wouldn’t take it because what would I do with it?” Buffett told the news outlet. “I’d have to sell it back to you one way or another. It isn’t going to do anything. The apartments are going to produce rent and the farms are going to produce food.”

Back Up

Warren has been outspoken about his dislike for Bitcoin in the past, but that doesn’t seem to be stopping NFT and crypto users from pouring their hard-earned cash into an asset class with an uncertain future and which somewhat regularly sees excruciatingly large losses.

Interestingly, Buffett’s latest remarks don’t quite match up with his own investment history. Back in June of 2021, he invested $500 million of Berkshire Hathaway’s cash into a “Bitcoin-friendly bank.”

That’s a lot of money for anybody to throw at an investment with the remotest chance of backfiring — what happened to change Buffett’s mind in the last year, and why aren’t other investors paying attention?

More on cryptocurrency: Bored Apes’ New Drop Was So Popular It Crashed the Entire Ethereum Blockchain

The post Warren Buffett Says He Wouldn’t Buy All the Bitcoin in the World for $25 appeared first on Futurism.

origin »

LALA World (LALA) íà Currencies.ru

$ 0 (+0.76%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 5.17 %, 7d: 9.44 %
Cåãîäíÿ L: $0 - H: $0
Êàïèòàëèçàöèÿ $0 Rank 99999
Öåíà â ÷àñ íîâîñòè $ 0.0004568 (-100%)

world warren one says buffett folks latest

Èñòî÷íèê: futurism.com

world warren → Ðåçóëüòàòîâ: 82


Ôîòî:

Why Elon Musk Says Crypto Skeptic Senator Elizabeth Warren Must Leave Office

One of the Senate’s most prominent crypto skeptics and Tesla/SpaceX CEO Elon Musk are in the middle of a full-scale Twitter spat. Massachusetts Senator Elizabeth Warren called Musk a freeloader for not paying income taxes as she stresses enacting a wealth tax legislation that would require Musk to pay billions in taxes. The world’s richest […]

2021-12-18 19:19


$128 Billion in Cash: Is Warren Buffett Unconvinced of Stock Market Rally?

Berkshire Hathaway is holding $128.2 billion in cash, according to its quarterly report. With no big deal in four years, Warren Buffett seems to be unfazed by the stock market rally. Buffett, who has evolved the $528 billion conglomerate into the world’s biggest financial company by revenue, is known to be patient in spotting large […] The post $128 Billion in Cash: Is Warren Buffett Unconvinced of Stock Market Rally? appeared first on CCN.com

2019-11-4 20:03


Pro-Crypto US Congressman Warren Davidson Proposes US Dollar Tokenization Concept

Renowned crypto advocate US Congressman Warren Davidson who is well known among the crypto worshippers due to his Token Taxonomy Act is now proposing the tokenization of the US dollar. In a series of tweets, Davidson asked about the impact tokenization of the dollar would have in the world. Appearing in a recent CNBC’s show […]

2019-9-28 23:58


Justin Sun Rejects Chinese Media Smear of a Greedy Lying Criminal

Rumors are swirling once again around Tron founder Justin Sun. Sun announced yesterday that he would not be attending his $4.57 million lunch with Warren Buffett tomorrow. Where In The World Is Justin Sun? Hint: Not San Francisco First revealed by CoinDesk correspondent Wolfie Zhao, Chinese publication 21st Century Business Herald lambasted Sun just hours […] The post Justin Sun Rejects Chinese Media Smear of a Greedy Lying Criminal appeared first on CCN Markets

2019-7-23 18:30


Mark Zuckerberg’s ‘new rules’ for the internet happen to benefit Facebook

Facebook has recently outlined how it intends to clean up its content, making much of the fact that it has expunged 3.3 billion fake profiles in the last six months. After 18 months of mounting criticism, culminating in Senator Elizabeth Warren’s promise to break up so-called Big Tech – she is now a leading contender to become the Democratic presidential nominee – can we take Mark Zuckerberg’s promise that this is only the start at face value?  To put it another way, can we trust the person whose stewardship of one of the world’s most powerful companies over the past… This story continues at The Next Web

2019-7-10 14:00


One Of Bitcoin’s Biggest Haters, Warren Buffett Could Be Finally Aligning With Cryptocurrency

When it comes to the world of cryptocurrencies, criticism is not foreign to the cryptocurrency community especially when the case of transparency is the topic of the argument. Every coin and token has had its fair share of criticism since its launch, and the critics behind this have shown themselves to be very well versed […] The post One Of Bitcoin’s Biggest Haters, Warren Buffett Could Be Finally Aligning With Cryptocurrency appeared first on ZyCrypto.

2019-7-3 15:48


Congressman Warren Davidson: SEC Is Taking A “Third World” Approach To Crypto Regulations

Even with the stance that the Securities and Exchange Commission (SEC) has officially taken in the cryptocurrency community, there are still plenty of lawmakers that do not agree at all. Republican Congressman Warren Davidson is easily one of those people, criticizing the SEC for taking a “third-world, developing-economy approach.” As Davidson explained, the approach being […]

2019-6-27 01:43


What does Tron’s Justin Sun aim to achieve with Buffett over lunch?

The cryptocurrency world celebrated seeing its proponent, Justin Sun, winning the charity lunch with investment mogul, Warren Buffett. The lunch is scheduled for July 25 in San Francisco. Justin Sun, the CEO of Tron foundation and BitTorrent in an interview told that he personally wanted to be friends with Buffett and give him real-time updates […] The post What does Tron’s Justin Sun aim to achieve with Buffett over lunch? appeared first on AMBCrypto.

2019-6-16 14:00


Bitcoin’s returns in 10 years trump Berkshire Hathaway’s returns since 1964

One of the biggest struggles faced by Bitcoin and the rest of the cryptocurrency market has been to convince the mainstream ecosystem of its benefits and use-cases. One of the biggest naysayers of the cryptocurrency industry is Berkshire Hathaway CEO Warren Buffett, who once compared the world’s largest cryptocurrency to rat poison.

2019-6-12 20:00


What Bitcoin Hater Warren Buffett Thinks of Crypto Doesn’t Matter, Here’s Why

To most in the cryptocurrency community, Bitcoin (BTC) is a paradigm-shifting asset with unlimited potential. But to Warren Buffett, one of the world’s most well-respected investors, it is something with little-to-zero intrinsic value, and resembles “rat poison” more than it does shares in his favorite companies: Coca-Cola, Dairy Queen, or GEICO.

2019-6-7 14:00


Tron’s Justin Sun wants to be the knight in shining armour and bridge the institutional gap for the crypto-industry

Tron’s Justin Sun has long been labelled a master marketer by the cryptocurrency industry, with Sun using his promotional skills to lift Tron and the newly-acquired BitTorrent. From Tesla deals to partially fulfilling them, Sun has now landed the “big fish,” securing a deal with the poster boy of the investment world, Berkshire Hathaway’s Warren […] The post Tron’s Justin Sun wants to be the knight in shining armour and bridge the institutional gap for the crypto-industry appeared first on AMBCrypto.

2019-6-5 16:30


äàëüøå åùå 33 íîâîñòåé →

Ïàðòíåðû Currencies.ru



Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

United States Crypto Miners Are Now Using as Much Power as Houston

Powers Combined Even if the crypto market isn't exactly growing in terms of profit, miners it are certainly increasing their energy consumption. The New York Times reported this week that just seven of the biggest Bitcoin mining companies are now using nearly as much electricity as all the homes in Houston combined, meaning that all crypto mining […]

Religious Zealots Think Bitcoin Was Created by God

We are very sorry to inform you that the Bitcoin bros are so not OK that some of them have begun believing that the cryptocurrency was sent down by the Christian God himself. "This is the genius of God," Tomer Strolight, a former nonbeliever who got into Bitcoin and subsequently got baptized because of it, […]

Bitcoin Just Had Its Worst Month in Crypto's Entire History

Free Fallin' Blockchain woes continue. Bitcoin lost 38 percent of its value in June alone, making this past month the worst in crypto's 12 year history, CNBC reports. Meanwhile, Ethereum's coin (ETH) rang in at an astonishing 47 percent value loss, and industry leaders crumble across the board — major crypto hedge fund Three Arrows […]

New York State May Ban Any Crypto Mining Powered by Fossil Fuels

Tick Tick Boom For weeks now, a bill that would ban all crypto mining that uses fossil fuels has languished on the desk of New York's governor, which begs the question — what now? This dramatic story, as reported by The Daily Beast, has gone mostly underreported this week as both the stock market and the […]

Bill Gates Ruthlessly Mocks NFTs as Crypto Market Collapses

Fool Me Once Bill Gates really, really, really hates cryptocurrency. The billionaire Microsoft founder has not been shy about his stance on digital coins in the past, arguing with Dogecoin-pushing rival Elon Musk over the currencies' viability and calling out Bitcoin mining operations for their destructive environmental impact. Now, in the wake of the sudden […]