At the annual shareholder meeting in Omaha, Berkshire Hathaway Vice President Charlie Munger took aim at Bitcoin and warned that the world’s largest cryptocurrency would “likely” go to zero. CEO Warren Buffett comes to the fore with the following statements…
Billionaire Warren Buffett: I wouldn’t even give $25 for all Bitcoins in the world
CEO Warren Buffett is sure whether the value of Bitcoin will increase in the next few years. not, but does not plan to invest or trade in cryptocurrency anytime soon. Entrepreneur Warren Buffett, whose net worth is reported to be worth $124.3 billion, has repeatedly said that Bitcoin does not produce any tangible goods or services. At a meeting of Berkshire Hathaway shareholders on Saturday, Buffett says he won’t spend even $25 to buy all the cryptocurrencies currently in circulation.
Major investor argues that Bitcoin (BTC) has no chance against the US dollar in the long run
Charlie Munger is very critical of the world’s largest cryptocurrency. he was tougher and included the expressions “stupid” and “bad”. The billionaire considers Bitcoin to threaten the US Federal Reserve, which the country “desperately needs”. The phrase “venereal disease” used by Munger, which we covered in the news of Kriptokoin.com, was another comparison made in February with the most popular cryptocurrency. Bitcoin price has been trading between $50-35k since then.
According to Warren Buffett, the stock market has turned into a “gambling room” that he strongly condemns. He argues that the financial sector forces individuals to engage in high-risk behaviors. Meanwhile, Berkshire Hathaway placed a big bet on the stock market and bought $51.1 billion worth of shares in the first quarter of this year despite the market slumping heavily. The company’s stock portfolio is currently valued at an incredible $390 billion.
Warren Buffett will never buy cryptocurrencies even for $25
This statement came from Warren Buffett a few minutes after Berkshire Hathaway Vice President Charlie Munger’s speech. Buffett said, “If you told me you own all the Bitcoin in the world and you offered it to me for $25, I wouldn’t accept it, what can I do to it?” says. In return, he says he will buy some of the country’s farmland or some of the country’s flats.
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