RATE Group | Warren Buffett loves stocks and hates bitcoin
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Warren Buffett loves stocks and hates bitcoin

08 May Warren Buffett loves stocks and hates bitcoin

Posted at 08:04h in Bitcoin News by

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Warren Buffett left no doubt about the potential he still sees in stocks and his vast skepticism about bitcoin.

During a three-hour, CNBC exclusive interview from Omaha on Monday, the 87-year-old chairman and CEO of Berkshire Hathaway said he would still choose to buy stocks for the long term over bonds, even with the 10-year Treasury yield at around 3 percent.

Buffett said he does not see the stock market in bubble territory. He also calculated a $10,000 investment in an index fund when he bought his first stock in 1942 would be worth $51 million today.

At the same time, Buffett again bashed bitcoin, saying the world’s largest cryptocurrency doesn’t produce anything except for more buyers looking to make money by selling to new…

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