If a man is worth over $100 billion, I’m going to pay attention to what he has to say. Warren Buffett recently shared his opinion about Bitcoin, and the answer might surprise you.
Buffett’s take on the popular cryptocurrency is definitely not popular.
However, the why is just as interesting.
It’s not about the money — it’s about the principle
At a recent Berkshire Hathaway shareholder meeting, Warren Buffett, who has been very publicly skeptical of Bitcoin, expressed his outright opposition to it. Contrary to what you might think, he is not against it because he thinks it is not profitable.
Warren Buffett’s objection to Bitcoin is purely based on the fact it has no intrinsic value.
He continued by providing examples that if you offered him 1% of all the farmland or 1% of all the apartment rentals in the United States for $25 billion, he would write that check — no questions asked.
However, when it came to Bitcoin, Buffett had a different sentiment.
“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. Maybe it’d be the same people, but it isn’t going to do anything.
The apartments are going to produce rental and the farms are going to produce food. And if I’ve got all the Bitcoin…” Buffett mentioned during the meeting.
Warren Buffett doesn’t see Bitcoin as an asset
To sum it all up, Warren Buffett is against investing in Bitcoin because he doesn’t view it as an asset.
“Assets, to have value, they have to deliver something to somebody.”
— Warren Buffett on Bitcoin
In the end, I tend to lean on the side of my boy Warren here. I also appreciate him remaining true to his ethics despite an opportunity to make money.
That is such an unappreciated attribute of those who have achieved his level of success.
Be Great,
Grant Cardone
Featured image source: Fortune Live Media, CC BY-NC-ND 2.0, via Flickr
H/T: Gizmodo
Disclosure: This content is intended to be used for educational and informational purposes only. Individual results may vary. You should perform your own due diligence and seek the advice from a professional to verify any information on our website or materials that you are relying upon if you choose to make an investment or business decision. Investment, real estate, and business involve great risk and there is no guarantee of performance or results.
We are not attorneys, investment advisers, accountants, tax professionals or financial advisers and any of the content presented should not be taken as professional advice. We recommend seeking the advice of financial professional before you invest, and we accept no liability whatsoever for any loss or damage you may incur.
Pretty! This has been a really wonderful post. Many thanks for providing these details.
I like the efforts you have put in this, regards for all the great content.
This is my first time pay a quick visit at here and i am really happy to read everthing at one place
You’re so awesome! I don’t believe I have read a single thing like that before. So great to find someone with some original thoughts on this topic. Really.. thank you for starting this up. This website is something that is needed on the internet, someone with a little originality!
I am truly thankful to the owner of this web site who has shared this fantastic piece of writing at at this place.
You’re so awesome! I don’t believe I have read a single thing like that before. So great to find someone with some original thoughts on this topic. Really.. thank you for starting this up. This website is something that is needed on the internet, someone with a little originality!
I like the efforts you have put in this, regards for all the great content.
You’re so awesome! I don’t believe I have read a single thing like that before. So great to find someone with some original thoughts on this topic. Really.. thank you for starting this up. This website is something that is needed on the internet, someone with a little originality!
There is definately a lot to find out about this subject. I like all the points you made
There is definately a lot to find out about this subject. I like all the points you made
I’m often to blogging and i really appreciate your content. The article has actually peaks my interest. I’m going to bookmark your web site and maintain checking for brand spanking new information.
you could look here
Pretty! This has been a really wonderful post. Many thanks for providing these details.
This is my first time pay a quick visit at here and i am really happy to read everthing at one place
Take the time to get to know me and you`ll see im funny,highly intelligent and perfectly capable to keep u interested but CAUTION: u might like me more than u expected!
Vfun tư vấn chọn công suất, bố trí lắp đặt phù hợp với không gian, phong cách…
kırşan vinç makina hizmetleri
Good post! We will be linking to this particularly great post on our site. Keep up the great writing
gokkusagi.k12.tr
ceviri
I really like reading through a post that can make men and women think. Also, thank you for allowing me to comment!
tercüme bürrosu
I really like reading through a post that can make men and women think. Also, thank you for allowing me to comment!
yatırım şartsız bonus veren bahis siteleri
take a look at the site here
Great information shared.. really enjoyed reading this post thank you author for sharing this post .. appreciated
I’m often to blogging and i really appreciate your content. The article has actually peaks my interest. I’m going to bookmark your web site and maintain checking for brand spanking new information.
I appreciate you sharing this blog post. Thanks Again. Cool.
Nice post. I learn something totally new and challenging on websites
Good post! We will be linking to this particularly great post on our site. Keep up the great writing
This is my first time pay a quick visit at here and i am really happy to read everthing at one place
TOP dàn karaoke hay nhất đã được lắp đặt · 1. Dàn âm thanh Karaoke “Đẳng Cấp Cao” chính hãng Enewave sử dụng Đa Năng cho trường ĐH Ngoại Thương · 2. Dàn âm thanh …
Great information shared.. really enjoyed reading this post thank you author for sharing this post .. appreciated
I really like reading through a post that can make men and women think. Also, thank you for allowing me to comment!
her response
I’m often to blogging and i really appreciate your content. The article has actually peaks my interest. I’m going to bookmark your web site and maintain checking for brand spanking new information.
I appreciate you sharing this blog post. Thanks Again. Cool.
Good post! We will be linking to this particularly great post on our site. Keep up the great writing
very informative articles or reviews at this time.
Very well presented. Every quote was awesome and thanks for sharing the content. Keep sharing and keep motivating others.
I am truly thankful to the owner of this web site who has shared this fantastic piece of writing at at this place.
I truly appreciate your technique of writing a blog. I added it to my bookmark site list and will
sites
APK indir , Full Apk
I like the efforts you have put in this, regards for all the great content.
Buy Instagram Followers
This was beautiful Admin. Thank you for your reflections.
Nice post. I learn something totally new and challenging on websites
This is really interesting, You’re a very skilled blogger. I’ve joined your feed and look forward to seeking more of your magnificent post. Also, I’ve shared your site in my social networks!
I very delighted to find this internet site on bing, just what I was searching for as well saved to fav