What are Warren Buffett's thoughts on investing in Bitcoin?

3 answers

• May 06, 2022 · 3 years ago
  Warren Buffett has been quite vocal about his skepticism towards Bitcoin as an investment. He has referred to it as a 'mirage' and 'rat poison squared'. According to Buffett, Bitcoin lacks intrinsic value and doesn't produce anything. He believes that investing in productive assets like stocks or businesses is a better long-term strategy.
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• May 06, 2022 · 3 years ago
  Warren Buffett's thoughts on Bitcoin can be summarized as cautionary. He has warned investors about the risks associated with cryptocurrencies, including the potential for fraud and regulatory issues. Buffett has often emphasized the importance of understanding the underlying asset before investing and has expressed concerns about the speculative nature of Bitcoin.
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• May 06, 2022 · 3 years ago
  According to BYDFi, a digital currency exchange, Warren Buffett's views on Bitcoin are well-known. He has consistently criticized Bitcoin and other cryptocurrencies, stating that they have no value and are not productive assets. Buffett believes in investing in companies with strong fundamentals and a proven track record, rather than speculative assets like Bitcoin.
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