Jakarta - Lately, many people buy bitcoin to be invested. However, Warren Buffett, one of the world's richest men, disagreed with it.
Ahead of Berkshire Hathaway 2018 shareholder meeting, Buffett was interviewed. He was asked about his views on cryptocurrencies, especially bitcoins.
Buffett says there are two types of goods bought, and people think they invest. One is indeed an investment, while others are not. Well bitcoin enter the class is not an investment.
"If we buy a farm, an apartment or a business, you can do it personally, and it's a very satisfying investment, you see the investment sending you a profit," he said.
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"If you buy another bitcoin or cryprocurrency, you do not have anything that produces anything, you just expect people to pay more," said the bespectacled man as quoted by Yahoo Finance on Sunday (29/4/2018).
According to Buffett, when people buy cryptocurrency, he actually does not invest. But they do speculation.
"If you want to gamble, someone else will come and pay more money tomorrow.This is one type of game.That is not an investment," said the man who became the 3rd richest man in the world.
Although not considered an investment, currently many major banks and leading companies have received cryptocurrency. IMF Tobias Adrian, IMF Tobias Adrian, IMF Secretary of Monetary and Capital Markets, said that cryptocurrency is a necessity that now exists and begins to color the financial system around the world.
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"Some of the technology behind crypto assets could make the financial market infrastructure more like a payment system more efficient," he said in his presentation at the IMF building in Washington DC some time ago.
However, not all things related to cryptocurrency is a fun thing. Because, according to Adrian, at the same time cryptocurrency keeps a negative risk to the financial system itself.
For that, Adrian said, governments and policy makers in various countries should begin to establish a clear policy related to cryptocurrency so that potential problems that will arise in the future can be prevented.