In the 20th century, a new one has been added to the statements of billionaires against Bitcoin and crypto money before the rise of the IT world. CEO of Berkshire Hathaway, the second largest holding in the world, 91-year-old Warren Buffet has announced how much he will pay if he buys all Bitcoins.
Warren Buffet, who declared that “It will be a bad end” for Bitcoin in 2018 and stated that his company Berkshire Hathaway will never invest in Bitcoin or crypto money, added a new one to these exits. in the world’that he will not even give $25 to all Bitcoins’ This statement of Buffet, who called it ‘worthless’ by saying, may affect the behavior of crypto money investors, whose number reaches tens of millions.
Speaking at the annual shareholder meeting of Berkshire Hathaway, the world’s second-largest conglomerate, Buffet said that Bitcoin “is something magical and that people act in a way immersed in this spell.” told.
“I don’t know if it may rise or fall in the next year or 5 to 10 years. But one thing I am sure of is that (Bitcoin) does not produce anything.”
“Now if you tell me you own all the Bitcoins in the world and in return If you ask for $25, I won’t give it. Because what am I going to do with them when I get them? I have to sell it to you or someone else. It doesn’t do any good.”
Buffet compared Bitcoin to real estate and farmland:
“Apartments produce rent, farms produce food. For assets to have value, they must give something in return. There is only one accepted currency. You can come up with all kinds of things—we can even issue Berkshire money.”
Buffet took the $20 bill out of his pocket and showed it, adding:There is no reason in the world for the US government to replace any currency with this (pointing to the $20 in hand).”
These statements of Buffet show his and his company’s approach to Bitcoin and why they will not invest.
Despite all these words, Buffet also indirectly invests in Bitcoin and crypto money:
Based in Brazil and the largest fintech focused bank in Latin America Nubankprovides Bitcoin trading services. If it’s a buffet among the investors of this bank is located.