Warren Buffet recently made a strong declaration that he wouldn't buy all of the bitcoin in the world for $25, and it gave us a better glimpse of how he really views cryptocurrency. He went on to say that Bitcoin "doesn't multiply" and "doesn't produce anything," which is true if you think about it, except what multiplies in BTC is its value. I wonder what would make Buffet change his perception of BTC. Or maybe he's just trying to influence the crypto market for a bargain buy.
What really says there is that people don't really need bitcoin to sustain their lives. You need food, you need residence, water, healthcare, energy, transportation etc... He is putting his money on those vital industries and that's his choice. Somehow he don't see any value in bitcoin. Everybody should make up their own mind when making investments. We can't blame Buffett for having his own opinion about things.