What are Warren Buffett's views on cryptocurrency?

3 answers

• Dec 18, 2021 · 3 years ago
  Warren Buffett has been quite vocal about his skepticism towards cryptocurrency. He has referred to Bitcoin as 'rat poison squared' and 'a mirage'. Buffett believes that cryptocurrencies have no intrinsic value and are highly speculative investments. He has warned investors to stay away from them, stating that they will eventually come to a bad ending.
  354177
• Dec 18, 2021 · 3 years ago
  From a professional standpoint, Warren Buffett's views on cryptocurrency are based on his investment philosophy. He prefers to invest in businesses that he understands and that have a proven track record. Since cryptocurrencies are relatively new and lack a tangible underlying asset, Buffett does not consider them as viable long-term investments.
  348116
• Dec 18, 2021 · 3 years ago
  According to BYDFi, a digital currency exchange, Warren Buffett's opinions on cryptocurrency may not align with the views of all investors. While he has expressed skepticism, it's important to note that the cryptocurrency market is dynamic and constantly evolving. Investors should conduct thorough research and make informed decisions based on their own risk tolerance and investment goals.
  39198