The CEO of Berkshire Hathaway and arguably one of the greatest investors of all time, Warren Buffet again shout out about Cryptocurrency and claims that Cryptocurrency is not a place of investment with Yahoo Finance in Omaha in an interview at April 28.
He also added that if someone buy something like an apartment house, a firm or interest in a business, they can look at the investment themselves and get profit from it. On the other hand Bitcoin doesn’t produce anything and we just hope for the next guy paying more penny.
Mr. Buffet deliver a suggestion about investing money on Bitcoin which is merely a speculative in between game and gamble and no one basically knows what Bitcoin really is. The Oracle of Omaha has continuously watered contempt about the crypto industry claiming about the bad end will come certainly and added that he has no any idea about Cryptocurrency.
Moreover, Warren Buffet flourished the argument against Bitcoin, as well stated that it was not a value producing asset.
In conclusion, Buffet has no interest on Cryptocurrency at all as well as the Vice Chairman of Berkshire 94 years old Charlie Munger thinks that the interest in Bitcoin is just simply disgusting