RATE Group | Warren Buffett Doesn’t Want to Own any Cryptocurrency
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Warren Buffett Doesn’t Want to Own any Cryptocurrency

25 Feb Warren Buffett Doesn’t Want to Own any Cryptocurrency

Posted at 09:07h in Cryptocurrency News by

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“Cryptocurrencies basically have no value,” Warren Buffett said in an interview on Monday.

Speaking to CNBC reporter Becky Quick on Feb. 24, the fourth-wealthiest person in the world discussed his impression of Bitcoin following a fundraiser. In attendance was Justin Sun, CEO of Tron, and long-time believer in crypto.

In May 2019, the two gathered with others at a fundraiser for the Glide Foundation, a charity organization that helps the homeless in San Francisco. Speaking billionaire to billionaire, the young Sun suggested the seasoned Warren consider investing in cryptocurrency.

However, when pressed on whether Sun had given him any Bitcoin after the exchange, Buffett balked:

“I don’t own any cryptocurrency. I never will… You can’t do anything with it except sell it to somebody else.”

He also commented on the fact that the cryptocurrency has been associated with money laundering and terrorism: 

“Bitcoin has been used to move around a fair amount of money illegally.”

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