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.
Haha seriously? I missed that quote completely. Warren Buffet has been very critical about crypto coins in the past, but this seems to be a new level though. Honestly, like what the hell bitcoins are trading right now at 34.000 USD. Why would any sane person in the world sell his coins for $25 to Warren Buffet? It is like me saying I would buy all bitcoins for 1$. That is completely illusional. Warren Buffet is 91 years old, at his age it makes no sense to invest in bitcoins. Crypto currencies are a long term investment. And if he has no confidence in them or doesn't fully understand it he can just stay away. No reason to make fun of bitcoins and the investors. I really hope nobody is falling for his trick.