Warren Buffet on an interview with CNBC said that Bitcoin and other cyrpto currency have no value,he said they don't produce anything "you don't do anything with it except sell it to someone else" he said is just Bitcoin will just reduce the demand of suitcase.
Seeing these statement I had to bring it up in Bitcoin discussion ,but at the same time every one has his entitlement or point of view..
This has been discussed at nausea here. Warren Buffet is a dinosaur and has a monetary reason to not like bitcoin or want it to succeed. First of Buffet is known to avoid technology as well. His recent apple purchase for berkshire hathaway was his first tech buy I think ever. Warren has stated himself he doesn't understand bitcoin and or the blockchain, so his opinion, despite the fact that he is one of the all time great investors, isn't worth jack shit. Gilfoyle does a good job explaining this on Silicon Valley
https://www.youtube.com/watch?v=t_L0UPmxgho