Warren thoughts on Bitcoin

[royalfestus]

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.

Have not seen Bill gate shown interest in bitcoin and I feel he kept quiet on it because Warren Buffet is his friend. At a point we should realize we dont need everyone in cryptocurrency and even some approval to excel, Bakkt did not give that significant effect we expect because it was in the bear. Such influence wont return bitcoin price to ATH tomorrow. Since his meeting with Justin and his response that express his ignorance, i have always neglect him on bitcoin topic. At 90, he has lesser years to spend than he has spent, the financial technology is for the younger generation.

[vaultman]

As far as I understand, by this statement he meant not only bitcoin, but all cryptocurrencies in general. I do not agree with him, in my opinion, the future belongs to cryptocurrencies. Sooner or later, paper money will disappear from circulation, or at least, its use will decrease significantly. Technology is the future.

[Brujux]

People like warren buffet can't say things like this. Because what he says applies to every coin in the world, a coin doesn't produce anything, but you can sell it, and in exchange you will receive something, because everybody believes that this coin has a certain value. And that is the challenge, make the people believe in the value of bitcoin, not to produce anything

[yhiaali3]

Many people have said this nonsense before, but they retracted their words after a period of time, because Bitcoin has proven to everyone that it is more than just a currency to be sold to another person, I can say that Bitcoin is a real revolution and not just a currency for sale and soon the time will come when we see Bitcoin It replaces the defunct central financial system that currently prevails.
I see this fact clearly and I see every day there are more people, companies and large institutions joining the Bitcoin world.

[error08]

Quite reasonable. most likely he has bought and collected bitcoins but not directly. it's young people in his investment company. Given that Buffett has sold his stake in several banks and then bought gold. It could be, he also bought bitcoins secretly.

it's like a conspiracy  

Warren Buffet has never been a fan of gold, he doesn't like gold as an investment, preferred to buy shares of a profitable company.
Because he thought that gold is lack of utility, requires storage space and security fees which isn't a productive asset.
Note it; Warren's company Berkshire bought roughly 20.92-million-share purchase of gold-mining stock Barrick Gold, he bought the share of a company, not the gold.

[Gotumoot]

Why not just ignore him with all the other Bitcoin hater as well Bitcoin has proven that it isn't worthless and it would continue to survive for the last 10 years.
So why would we doubt it now? It is just his thoughts along with others as well does it really matter to us?
Would you leave Bitcoin or crypto because of their statement?

[rodskee]

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..

Let the Old man Release His stand since Days are coming for Him and in the years come may gone completely while Bitcoin and cryptocurrencies will remain here.
And besides never that we can expect good words from Him towards our community here because there are no chance that He will change course from using other platform to profit than crypto.

[dikobraz123]

 "I think there is a world market for maybe five computers."
Thomas Watson, president of IBM, 1943

 "There is no reason anyone would want a computer in their home."
Ken Olsen, founder of Digital Equipment Corporation, 1977

As you can see from above examples, foolish statements from not-so-insignificant people through recent history were not uncommon.

[sheenshane]

As far as I understand, by this statement he meant not only bitcoin, but all cryptocurrencies in general. I do not agree with him, in my opinion, the future belongs to cryptocurrencies. Sooner or later, paper money will disappear from circulation, or at least, its use will decrease significantly. Technology is the future.

As crypto enthusiasts, we can ignore him.

FYI, Warren Buffet is the 7th wealthiest person in the world.  With his age and the types of industries he invested in, obviously, it will be hard for him to understand the value of Bitcoins (that's why his a Bitcoin hater).  When he mentioned that "you don't do anything with it except sell it to someone else" the statement is already wrong, for all we know even a piece of chewing gum that you sell for a single cent or a penny still has a value which made his statement incorrect because anything in this world regardless if it is physical or not and you are able to sell it that means it has a value which confutes his own words.

Anyway like OP said everyone is entitled to have their own opinion and be able to express it in his own way. Just ignore him he might just live during the stone age, IMO.

[Mpamaegbu]

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

Lol...Exactly my thought too! I sincerely hope people should stop worshipping Warren Buffet and erroneously thinking he's a god of the economy. Dude makes mistakes too and he isn't infallible. The way it's looking now, this (not believing in Bitcoin) is another of his mistakes. But something keeps nagging at me that billionaire Buffet is a secret hodler of Bitcoin. Truth be told, Bitcoin is past that age where it would've mattered if a single individual believed in Bitcoin or not. Bitcoin is now heading towards mass adoption.

[imstillthebest]

your right everyone has a point of view but its hard to accept when a famous personailty talks negative towards btc .

he isnt just famous but he also known in the financial field , with the knowledge and expertise he have on this area , its almost impossible that he didnt study btc before he gave comments in public .

 is this the guy that had a dinner or lunch with the tron founder before ? why he did do that and he also recieve a crypto gift which was btc and some tron from justin then later on he came out with this sentiments 

[Gozie51]

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..

This is not his first time, he has been known for such comment relating to anti bitcoin. This is not a news to the bitcoin community. For some moment, Warren has been in the news for this, so we just treat him like such bitcoin critics while it keeps moving to its purpose. If you check on google about Warren, you can see that also.

[AakZaki]

Warren Buffet doesn't really hate bitcoin or cryptocurrency. Warrent Buffet is just avoiding it, because he knows the future is in blockchain technology and not in cryptocurrency. Warren Buffet doesn't understand why a platform without an underlying asset can have such volatile prices.
Warreny Buffet also said that bitcoin could not be valued because it was not an asset that gave real results and basically bitcoin was just a mirage.

Even so, bitcoin still has its fans because indeed bitcoin is a future technology that has the potential to continue to be developed.

[Renampun]

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..

Bitcoin was created, not to satisfy warren investment desires...
it didn't affect me even though he kept saying Bitcoin has no value. he has often said sentences do not believe in Bitcoin many times, we don't need him to like Bitcoin because Bitcoin will continue to grow without warren.

[xhomerx10]

Trick or treat!

[Findingnemo]

Warren Buffett is an old fashioned guy, so he has no idea or just don't want to accept the decentralization. We know there are people who became millionaire by investing on bitcoin so not everyone supposed to invest on everything, they will go with their journal and try to destroy all others.

[royalfestus]

Besides, Warren has made several mistakes in investing, mostly neglecting the investment because of misunderstanding or little information which I consider safe for him, though his misunderstanding does not affect the success of the project. As crazy it might look for everyone, neglecting investment for little information and misunderstanding is still very vital in making investment decision.

[Strongkored]

He just said about his thoughts and there is nothing wrong with that, because he is more in the stock market then it is natural that he chose not to have Cyrptocurrency.
He is very successful with his investments, so maybe he is just thinking why should invest into something that he doesn't know well like Bitcoin/cryptocurrency which the market is very volatile different with stock market that more stable and suitable for long investment.

[Rexler]

I really don't care about what Warren buffet thinks anymore about bitcoin or cryptocurrency, that's his own opinion and choice everyone is entitled to their own opinions, since his already old what do you expect old people don't really like learning new things, same way most of them have no idea what crypto is, so he can continue saying bad stuffs about it as long as he wants, for me crypto is the future, there's no way I'm gonna leave it, because Warren buffet doesn't like it.

[coolcoinz]

Warren also said in a number of interviews that he doesn't invest in new technologies. I'm pretty sure somebody asked him about Bitcoin and since he was not interested at all and had only basic understanding of the concept he took a negative stance. Who can blame him? I think that people here pay too much attention to what he says, forgetting that he let a number of great opportunities pass him by in the last 20 years.