“Stay Away from It” – What Warren Buffett Thinks About Bitcoin

World’s leading investor Warren Buffett is not impressed with increasing Bitcoin Price. He thinks that Bitcoin price is a bubble. He said that bitcoin can’t be valued because, its not a value generating asset. Here is the statement:

“Stay away from it. It’s a mirage basically. It’s a method of transmitting money. It’s a very effective way of transmitting money and you can do it anonymously and all that. A check is a way of transmitting money too. Are checks worth a whole lot of money? Just because they can transmit money?”

Asked on September 14, 2018 in Cryptocurrency.
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