Want to know what stock god Buffett thinks of Bitcoin?

Buffett, the former richest man in the United States and the former richest man in the world, recently expressed his views on cryptocurrency at a shareholder meeting.

“Not everything is called investment. You focus on the investment itself and the value it generates, such as a house, a business, or even a farm. These are called investments because they generate added value. . But digital currencies and Bitcoin are not. They don’t produce anything additional. They are also virtual. Rather than investing in them, it is better to hope that the next one will come soon. This is speculation, that is, gambling.”

“I started buying stocks when I was 11 years old. I have experienced stock market crashes, technology bubbles, bear markets, and financial crises. I don’t know when or why the bad results happened, but I know. What’s more, I won’t invest in Bitcoin. In the future, Bitcoin may become a situation that no investor wants to see.”

Buffett does have his own unique opinions in the United States. When blue-chip companies and IBM began to accept blockchain and develop it, Buffett, who has a lot of money, still didn't buy this encryption technology. Of course, he has denounced Bitcoin more than once. In multiple public occasions, Buffett has been expressing his unfavorable view of Bitcoin.

In fact, if you think about the previous incident where the dealer of a well-known trading platform liquidated his short position of 460,000 Bitcoins, what Buffett said is not unreasonable.

The biggest slogan of Bitcoin is decentralization, but in the end it still has to rely on centralized currency exchanges. As a result, it was played by the dealers and became a leek waiting to be harvested.

Breaking News believes that blockchain may revolutionize the world, but it will certainly not be used for cryptocurrencies such as Bitcoin.