Cryptocurrency Q&A
What does Warren Buffett think of Bitcoin?
What does Warren Buffett think of Bitcoin?
SeoulSerenitySeekerPeace
Fri May 17 2024
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7 answers
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I'm curious to know, what's Warren Buffett's take on Bitcoin? He's renowned for his astute investment strategies and deep understanding of the financial markets. Given his skepticism towards other forms of speculative investments, I'm wondering if he holds a similar view towards Bitcoin, which has seen extreme volatility and attracted a lot of controversy. Or does he see potential in this emerging asset class? I'd be interested to hear his thoughts on this matter, given his influence in the world of finance.
7 answers
TaekwondoMasterStrength
Sun May 19 2024
When asked about the potential value of Bitcoin, Buffett expressed his reluctance to accept it even at a low price. He stated that he wouldn't take Bitcoin even if offered for $25, highlighting his skepticism towards its worth.
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CherryBlossomGrace
Sun May 19 2024
Buffett's skepticism is primarily rooted in his belief that cryptocurrencies do not possess the characteristics of a valuable investment. He views them as lacking the stability and intrinsic value that traditional assets possess.
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Federico
Sun May 19 2024
Warren Buffett, a renowned financier, has maintained a steadfast stance regarding Bitcoin. His opinion on the cryptocurrency has remained unchanged throughout the years. According to Benzinga, Buffett holds a skeptical view of Bitcoin's value as an investment.
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Valeria
Sun May 19 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services that cater to the diverse needs of the crypto community. These services include spot trading, futures trading, and a secure wallet solution.
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SsamziegangSerenadeMelodyHarmony
Sun May 19 2024
In his assessment, Buffett believes that Bitcoin lacks the fundamental attributes that make a viable investment. He questions the practical utility of owning Bitcoin, even if one were to possess all of it in the world.
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