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Warren Buffett Doesn't Seem Like A Fan Cryptocurrency

Warren Buffett ( photo https://vladimirribakov.com/warren-buffett-calls-bitcoin-gamble/)


Warren Buffett, a billionaire doesn't seem to like Bitcoin. While many millionaires and just people, in general, love the entire idea about cryptocurrency. He expressed his opinion on the subject at the 2018 Berkshire Hathaway meeting. It's generally for shareholders.

According to CCN, Buffett said: “If you buy something like bitcoin or some cryptocurrency, you don’t really have anything that has produced anything." What this means is that when someone buys Bitcoin, it's not really like purchasing a good or service. It's more like just paying for something that you're told you have.

While many people might be running to argue this statement, they must examine the reason why. Warren Buffett and others like him tend to look at things differently than most. His point could come off as the cryptocurrency market being a bubble while many other people see it as a currency run by the people for the people.

Other high profile individuals might disagree with Buffett. Twitter CEO, Jack Dorsey is said to truly believe that Bitcoin will be the currency of the future. According to CNBC, he mentioned that he expects Bitcoin to be the currency of the future for the internet.

Overall, Warren Buffett doesn't come off as someone who likes Cryptocurrency or Bitcoin in general. However, other people who are pretty big in the world of business seem to disagree with Buffett. Whatever the case may be, it's certainly something that can cause some division in whether or not cryptocurrency is reliable and sustainable for the future world.

Sources
CCN
CNBC

By Michael Normandin

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