Warren thoughts on Bitcoin

[Emma Theo]

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..

[gerica0613]

Leave this guy alone, he's like 130 yrs old. I consider him a guy that earned his authority, but he's not in the league anymore

[aesma]

If he says the same thing about cash (with the caveat that cash is going down in value and never up) then fine. But considering he holds a lot of cash, and not just shares, I'm thinking he doesn't say the same thing. So he has to explain why cash is valuable but BTC isn't.

[sunsilk]

Let him be. He's a known bitcoin unbeliever and been told that bitcoin is probably rat poison squared.

He's an old man and can't possibly understand that technology is phasing quickly and possibly to make a tremendous amount in investments. He likes more conventional investments. Account him for his accomplishments even though he doesn't like bitcoin.

[stomachgrowls]

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..

You missed out several thoughts too.


Warren Buffett blasts bitcoin as worthless and vows he will never own a cryptocurrency
Warren Buffett Changes Mind on Gold: He Will Panic-Buy Bitcoin at $50K, Says Max Keiser
4 Reasons Warren Buffett Can't Stomach Bitcoin

There are still lots.So its better to put this man on ignore but who knows if this man is just tending to give out negative inputs but actually buying behind the curtains.

[harizen]

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..

Brace yourself for more future critics by him about Bitcoin.

I suggest not taking him seriously or if out of curiosity, you really want to know more about why he is always like that, search why he is skeptical about crypto as a whole. Then from there, decide to yourself if those pointers by him make sense.

From now on, you have to be used to seeing statements like that, not just by him but by other popular and famous people as well.

[Oshosondy]

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..

It will be good if you add the link you read all these from, but normally we all know that Warren Buffet is a bitcoin and crypto critic generally, and his points are baseless, how can someone says bitcoin has no value, but can be sold, can something that has no value be sold? That two statements are contradictory. I think, people have different opinions, there are rich people that also like bitcoin like Bill Gates, so we can not think in the same way, but it is clear that Warren Buffet is completely saying what is not right, he is just completely wrong about what bitcoin is.

[serjent05]

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..

Well, there is a saying, no one can please everyone.  As we like and believe in Bitcoin, Warren had been an unbeliever ever since.  May it be because of old age that he failed to adopt the current changes in technology or he is too conservative to place a bet on a very new and highly volatile market of BTC. Warren has made his stance against BTC and I believe it won't change so I guess we better leave him be.  He is the one missing out not us so why do we care?

[BlackHatCoiner]

It sounds like he thinks bitcoin is a ponzi scheme. Well, I guess he doesn't like the wildly fluctuating way bitcoin moves. I don't get why this man doesn't like it at all, though. He is clearly the most iconic succeeded investor of all time and bitcoin was the greatest investment of the 10s. It seems like he does not want to admit that he wanted to buy but didn't believe at it.

Lol, he is the leader of the "ITs nOt A pHysICaL thInG" crew 

[pixie85]

His opinion was already discussed in a number of threads.

I can summarise everything in 2 simple sentences.

1. Warren is an old guy who never invested in any tech companies so his opinion on tech isn't something I'd value.
2. Bitcoin is used for much more than trading. He doesn't know what he's talking about.

[ILuckyGuyI]

Warren Buffet says that he doesn't like cryptocurrencies and he doesn't intend to buy any crypto. But if I am not wrong, there was news about he bought some Bitcoin anyway. I don't know if his behavior is related to being very old or it is just some strategy. He contradicts himself.

[roadrunnerjaiv2025]

If he made this statement a few weeks after Bitcoin's release more than a decade ago, it would make a complete sense. But the thing is, some businesses are already accepting it as a valid payment for goods and services, so we can no longer deny the fact that bitcoin has a "value". The thing about value is it exists based on people's assertion. The more people adopt bitcoin, the higher its value (not price) becomes. We just need to get Bitcoin to a point where discarding it is no longer an option, a point of no return, just as how we did fiat currency that ended the traditional barter system centuries ago. Then, its adoption will be set in stone.   

[GreatArkansas]

Warren Buffet says that he doesn't like cryptocurrencies and he doesn't intend to buy any crypto. But if I am not wrong, there was news about he bought some Bitcoin anyway.
(....)

Some people may change their minds anytime. Warren Buffet literally knows how to make money, he literally knows a lot when you said about "money", he becomes a billionaire because of his skills and brilliant mind.
His sentiment on Bitcoin before may still a few foundations that's why he is telling the public he is not buying Bitcoin, but later on, he changed his mind. That is an example of being a good trader, you can always change your find based on your analysis not because of what people says.

[Willitivity]

This is not the first time I have heard of Warren giving his opinion on bitcoin and crypto market as a whole and every time he does so, it always negative sentiment. I think he's just waiting to see if crypto will have a regulatory crackdown. Don't be surprised if we learn that he already bags filled with BTC. JP Morgan had a similar view a few years ago and just yesterday, they launched their own token and embrace crypto. So buffet would join the train soon.

[Darker45]

Let us not be Justin Suns here. If the man says he doesn't like it, then let him be. Bitcoin is always here ever ready to be familiarized and thoroughly understood. If ever a time comes for anybody to suddenly find interest or curiosity with it, they can always get to know it right away. If not, then it is not Bitcoin's loss, not theirs either. To a certain extent, everything is about perception. We just have to respect that. In the words of Satoshi himself, "If you don't believe me or don't get it, I don't have time to try to convince you, sorry."

[Alucard1]

It is not new for a well-known person saying about negativity on bitcoin, let them be, they don't believe bitcoin then we can't blame them, it is their perspective in life, it is hard to explain a thing to a person who doesn't want to learn something, he doesn't want to open his mind for the good things that bitcoin can be.

Leave this guy alone, he's like 130 yrs old. I consider him a guy that earned his authority, but he's not in the league anymore

Indeed, you got the point bro, he can be respected because of where he is now but he can't be respected for what he stands for.

[LogitechMouse]

What do you expect coming from him .

Lets just not focus on what he is saying. He is just saying anything and it is his opinion. Lets not get butthurt with what he is saying and just move on with it. After all, this isn't the first time that an investor like him is saying negative things towards Bitcoin. I will just wait for the time that he will eat his words instead and will support Bitcoin in the end.

[goinmerry]

That's his stand as always to Bitcoin so nothing new. He has his own investment rules and vision and that makes him a successful businessman.

OP, taking his statement seriously might just affect your thinking. Anyone is free to say something about how they looked at Bitcoin, positive, negative, or a FUD. We, as a crypto-enthusiast should just focus too on our own goals and investment goals.

Never mind those people but instead, mind our own business.

[error08]

There are reasons why he doesn't like bitcoin and called it 'rat poison squared', he stated will never own bitcoin.
Even long before bitcoin, Warren doesn't like to buy Gold although it's a valuable asset, he repeatedly said would rather buy shares from good companies than invest in gold.
just as he doesn't like investing in gold, so does invest in bitcoin, because he considers it as unproductive assets nor produces anything which is an object for speculation and manipulation, 'a gambling device' he said.

[pooya87]

Brace yourself for more future critics by him about Bitcoin.

he doesn't criticize bitcoin though and in fact he doesn't really talk about bitcoin. in the interviews the interviewer asks him about bitcoin and he basically says "i don't understand it". then the news sites go ape shit over it!
there is a couple of reasons for what he says too. first is that he doesn't want to see any capital leave the markets he is in and basically owns some of them and go into bitcoin and secondly he is an ancient dude who thinks only things he can touch can have value.