Warren Buffet: I wouldnt buy all Bitcoin in the world for $25, it has no value - BitcoinEthereumNews.com
Berkshire Hathaway (NYSE: BRK.A) CEO Warren Buffet has reiterated his stance against Bitcoin, maintaining that he canot invest in the cryptocurrency citing the lack of an intrinsic value. While speaking during the Berkshire Hathaway Anual Shareholder meeting, Buffet rationalized Bitcoin‘s lack of tangible value while referencing how sectors like agriculture and real estate have more tangible returns unlike Bitcoin. He stressed that even if he is offered all the Bitcoin for the cheapest price, he would likely sell it back given the asset’s lack of utility. “Now if you told me you own all of the bitcoin in the world and you offered it to me for $25 I wouldn‘t take it because what would I do with it? I’d have to sell it back to you one way or another. It isnt going to do anything. The apartments are going to produce rent and the farms are going to produce food,” said Buffer. Furthermore, Buffet appeared to question Bitcoins origin as a product of an individual, Satoshi Nakamoto, who remains anonymous. Despite Bitcoin increasingly being utilized as a form of payment, Buffet noted that although more digital financial assets would come up, the dollar remains the real money. Buffets strong Bitcoin opposition Over the