Bitcoin and Warren Buffett

The former richest man in the United States and the world, Warren Buffett, recently expressed his views on cryptocurrency at a general meeting of shareholders

"not everything is called investment. You pay attention to the investment itself and the value it proces, such as a house, an enterprise or even a farm. These are called investments because they generate added value. But digital currency and bitcoin are not. They don't proce any additional things. They are also virtual. Rather than investing in them, you hope that the next order will come soon. It's speculation, that's gambling. "

" I started buying stocks at the age of 11, stock market crash, technology bubble, bear market and financial crisis, all of which I have experienced. I don't know when and why the bad results will happen, but what I know is that I won't invest in bitcoin. In the future, bitcoin may become a situation that all investors do not want to see. "

Warren Buffett really has his own unique view. When American blue chip companies and IBM began to accept blockchain and develop it, multi gold Warren Buffett still didn't buy this encryption technology. Of course, he has been singing down bitcoin more than once. On many public occasions, Buffett has been expressing his idea of not looking at bitcoin

in fact, considering the short position explosion of 460000 bitcoin by a well-known trading platform before, what Buffett said is not unreasonable

the biggest slogan of bitcoin is nothing more than" decentralization ", but in the end, it still has to rely on the [centralized] currency exchange. As a result, it has been teased and become leeks to be cut

I think blockchain may change the world, but it is definitely not used in cryptocurrency such as bitcoin

In an interview with Yahoo Finance in Nebraska, Buffett once again despised digital currency investment, saying that "buying bitcoin is not an investment"

this is not the first time that Buffett has lashed out at bitcoin and the virtual money market. In January 2018, Buffett predicted that cryptocurrency would definitely have a "bad ending"< At that time, Buffett said in an interview: "I don't know when and how the bad results will happen, but what I know is that if I am asked to buy long-term put options, I will buy five-year put options for each cryptocurrency. I'll be happy to do that, but I won't invest a dime in it. "< In the end, Buffett concluded that cryptocurrency is a decent business, but what is happening will eventually become a bad ending that everyone can see

from: surging news

agree with Buffett's point of view

December 29 news, bitcoin is undoubtedly a hot topic this year, but surprisingly, the "stock god" Warren Buffett did not mention this new favorite of the capital market. Recently, Buffett finally talked about bitcoin. He said that he did not care about this proct because it is an asset that will not proce value

< br data filtered =" filtered "> when Buffett talked about bitcoin for the first time: no matter how much it goes up, it's worthless (the picture comes from Google)

when he talked about bitcoin, he made it clear:" I can't value bitcoin, Because it's not an asset that generates value. " In fact, in 2014, Warren Buffett once reminded people about bitcoin. He believes that people should stay away from bitcoin, and this boom is in fact false

bitcoin, as a popular investment proct, is not only concerned by the capital market, but also targeted by the regulatory authorities of many countries. Israeli regulators announced this week that they would ban companies trading bitcoin from listing on the Tel Aviv Stock Exchange, and that companies already listed would also be delisted

it is understood that the reason why the Israeli regulatory authorities will take such measures is mainly because recently many Israeli companies hope that they can join the bitcoin transaction. In an interview, ShmuelHauser, director of the Israel securities regulatory agency, said bitcoin seemed more like a bubble to him and could collapse at any time. p>

Bitcoin has no potential value. As a value investor, Buffett favors companies that are undervalued by investors, generate stable and regular cash flow, and increase book value. For Mr. Buffett, bitcoin does not generate revenue or dividends. On the contrary, the value of bitcoin is just the price people are willing to pay for it. In this respect, bitcoin is no different from the tulip boom of 1637< As a result, Buffett believes that bitcoin has no intrinsic value

however, many analysts think there is a bubble risk for bitcoin's strong momentum since 2020. From 2002 to 2009, Rosenberg, chief economist for North America at Merrill Lynch, said, for any security, I think it is extremely abnormal for the price of bitcoin to rise in such a short period of time Rosenberg thinks bitcoin has become the biggest market bubble at present. p>