RATE Group | Warren Buffett Insists He Doesn’t Own Bitcoin (BTC), Says Crypto Has Zero Value After Di…
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Warren Buffett Insists He Doesn’t Own Bitcoin (BTC), Says Crypto Has Zero Value After Di…

24 Feb Warren Buffett Insists He Doesn’t Own Bitcoin (BTC), Says Crypto Has Zero Value After Di…

Posted at 16:26h in Bitcoin News by

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Warren Buffett didn’t warm up to Bitcoin and cryptocurrencies after his dinner with Tron CEO Justin Sun that took place in January. 

In his latest interview with long-term CNBC host Becky Quick, “the Oracle of Omaha” continues to insist that cryptocurrencies have zero value. 

“Cryptocurrencies basically have no value, they do not produce anything. It doesn’t reproduce, it doesn’t deliver.”

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Buffett says that crypto is only valuable as long as someone else comes along, implying that it is reminiscent of a pyramid scheme. 

One of the most successful investors of all time claims that he doesn’t own any Bitcoin or any other cryptocurrency. The same applies to the companies that are under the wing of his conglomerate, Berkshire Hathaway.    

Notably, this comes just one…

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