Ninjastic
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Board Bitcoin Discussion
Re: Warren Buffet does not invest in Bitcoin, why?
by
ir.yance
on 20/12/2017, 12:36:41 UTC
Quote from: bountyjunkie on December 19, 2017, 03:45:03 PM
The worlds greatest investor doesn't believe in bitcoin. What do you say?

"You can’t value bitcoin because it’s not a value-producing asset...it's a real bubble in that sort of thing.” - Warren Buffet.

Source : https://www.forbes.com/sites/johnwasik/2017/11/06/why-buffett-sees-bitcoin-bubble/#43a11fbe62a8

Because Warren Buffet is famous for pursuing traditional industry and not investing in anything related to the internet because he does not understand it. Someone who does not understand the internet also can not understand about bitcoin. because the internet is the part to get bitcoin, so the Warren buffet did not invest in bitcoin.