Bitcoin, Crypto currency, Blockchain

Star Investor Warren Buffett: “Bitcoin is not an investment”

e6d2a403ec54e3f6732b2f89f516610f - Star Investor Warren Buffett: "Bitcoin is not an investment"

Were the Buffet is one of the world’s most famous and successful investors. As in the past, has expressed the Buffet now, once again, to the topic of Bitcoin and explains that Bitcoin is not an investment, but a pure “game of chance”.

The 87-year-old American Star Investor and CEO of Berkshire Hathaway, also known as the “Oracle of Ohama”, has repeatedly declared in an Intervoew with Yahoo Finance, that he is “not invested in Bitcoin,” and his doubts on Bitcoin expressed.

Buffet prefers to invest in companies, properties and physical values, he explained in the Interview (loosely translated):

There are two types of products that people buy, and where you think that you are investing in. It is not investing but really only in the one and in the other.

He reiterated that if you have “normal” investment instruments prohibits, the products and goods is still an “internal” value. If one forbids the trading of crypto currency, one can start with them, nothing more. Among other things, that’s why he has Cryptocurrencies with “gambling”, and found that (freely translated):

If you buy something like a Farm, an apartment house or a share in a business […], you can make the private […] and it is a perfectly satisfactory investment. You can look at the investment itself and the return that it provides. Now, if you want to buy Bitcoin or any other crypto currency, you have nothing, what is anything. You just hope that the next guy pays more.

If you buy cryptocurrency, continues to Buffett, then (freely translated):

do not invest if you do. You spekulierst. There is nothing wrong with it. If you want to play, someone else will come and more money to pay, which is a kind of game. But this is not an investment.

The Buffet is one of the most important investors of the 21st century. Century. His fortune is currently estimated at about 81 million US dollars. The “Oracle of Omaha” has currencies in the past Krypto has been frequently criticized and old-fashioned clichés.

He stated, inter alia, that he “can almost say with certainty” that crypto-currencies will take a bad end”. At the same time he was to know nothing about crypto currencies. He also claimed that Bitcoin has no intrinsic value, and a single big bubble.

Finally, the Ex-CEO of Paypal had made, Bill Harris with such statements. In our article, we have included the arguments-all of them. In this respect, the statements of Warren Buffet should not be overstated, despite his extensive experience, and from our point of view, rather than “uninformed”.

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