Buffett didn’t mince his words when he was asked if he had changed his famously negative views on bitcoin or crypto.
"Whether it goes up or down in the next year or five years or 10 years, I don't know. But one thing I'm sure of is that it doesn't multiply, it doesn't produce anything," he said."It's got a magic to it, and people have attached magic to lots of things."that"they will come to a bad ending" and said that Berkshire Hathaway will"never have a position in them.
"I get into enough trouble with the things I think I know something about," he said at the time."Why in the world should I take a long or short position in something I don't know about?"
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Warren Buffett Won’t Buy All Bitcoins in the World for $25, Crypto Community RespondsThe notorious Bitcoin critic said he will not accept an offer to buy all the BTC in the world for $25.
Read more »
Warren Buffett 'Wouldn't Buy All the Bitcoin in the World for $25' | CoinMarketCapBerkshire Hathaway's vice chairman Charlie Munger was even more determined to condemn Bitcoin during the company's shareholder meeting — describing it as 'stupid' and 'evil.'
Read more »
Warren Buffett gives his most expansive explanation for why he doesn't believe in bitcoinDespite a shift in public perception about the cryptocurrency, Buffett still wouldn't buy bitcoin.
Read more »
Warren Buffett says Berkshire owns 9.5% of Activision Blizzard shares in merger arbitrage betWarren Buffett on Saturday said Berkshire Hathaway has been increasing its stake in Activision Blizzard in a merger arbitrage play.
Read more »
At the Berkshire Hathaway annual meeting, Warren Buffett aims to assure shareholdersIn a year in which the S&P 500 has dropped by more than 13%, Berkshire is up more than 7%. For many shareholders, Warren Buffett, 91, and Charlie Munger, 98, proved they were more than capable of retaining control of the company:
Read more »
Warren Buffett tells shareholders about spending $51 billionWarren Buffett gave Berkshire Hathaway investors a few details of how he spent more than $50 billion earlier this year and again reassured them that the company he built will endure long after the 91-year-old billionaire is gone
Read more »