Warren Buffett again stated uselessness of cryptocurrency

in #crypto • 5 years ago

warren buffett.jpg

Despite a recent meeting with Tron Foundation CEO Justin Sun and a number of other cryptocurrency industry representatives, well-known investor and Berkshire Hathaway CEO Warren Buffett remains convinced that digital assets are worthless.

“Cryptocurrencies basically have no value and they don’t produce anything. In terms of value: zero. I don’t have any cryptocurrency and I never will,” he said in an interview with CNBC.

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5 years ago in #crypto by
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     5 years ago 

    Nothing new there. He is always late to the technology game.

    Posted via Steemleo

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     5 years ago 

    Nothing new there. He is always late to the technology game.

    Posted via Steemleo

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     5 years ago 

    Never liked Buffet, but he does have a point. The entire backing of cryptocurrencies are fiat, they only have value because of people's confidence that they possess a value.

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