Warren Buffet on Cryptocurrency InvestmentWarren Buffet on Cryptocurrency Investment

Warren Buffet on Cryptocurrency Investment-Warren Buffet is one the wealthiest man in the world. Based on the Forbes magazine database, his wealth has reached 115.6 billion US dollars as of January 2022. He was an outstanding person as CEO of Berkshire Hathaway and a student of Benjamin Graham (Value investing Guru) at Columbia University. He learned a lot from Benjamin Graham, The Author of “The Intelligent Investor” and “Security Analysis,” to invest in Stock Market and influence him to guide and bring Berkshire Hathaway to be one of the world’s biggest companies. Together with Charlie Munger, they led this company to the glorious era. In 2020, Berkshire Hathaway generated net income reached 42.5 billion US dollars.

Warren Buffet on Cryptocurrency Investment- Wwarren Buffet View

From time to time, there are also some new and diversification investment products. One of them is cryptocurrency. As the cryptocurrency demand is getting increased from time to time from 2008 to 2021, most people are interested in some cryptocurrencies. As one of the most well-known investors, he has some views on cryptocurrency investment and the development of cryptocurrency.

In his interviews with CNBC reporters Becky Quick, Warren Buffet has an opinion on bitcoin. He said that bitcoin is an asset that does create nothing. Bitcoin does not produce anything. He has an analogy in his view. He said that when you buy a farm or land, you can grow plants/ crops and sell it, so you can get the money from it. You look at the asset itself that you buy and what can be produced from that asset. When you buy a business, you look at the business and how big and sustain earn that we have. Furthermore, Warren Buffet predicts that bitcoin will come to a bad ending. It is a delusion. It’s the same Tulipomania in Holland. The rise of tulip price but it falls in the end. Many people lose their money in the tulipomania era.

Warren Buffet also said that bitcoin is a non-productive asset because the fluctuation of price has happened because the person can pay more and the next person becomes more excited, so the next people come along to buy it. But the asset itself, bitcoin, does not create anything.

Warren Buffet on Cryptocurrency Investment- Charlie Munger Views

That his views have been approved by his friend, Charlie Munger. Charlie Munger, the partner of warren buffet in Berkshire Hathaway, stated a more sarcastic opinion that bitcoin is just a turd and just worthless artificial gold. Furthermore, he hates that bitcoin becomes a successful investment.

Nowadays, the enhancement of bitcoin makes some attraction to more people all over the world. Some buy it for investment, but some still resist it. But you can make decisions about the bitcoin era. You can invest in Bitcoin and other cryptocurrencies, but you must know the risk behind it. Thank You, Hopefully, you enjoy your days.

Reference of Warren Buffet on Cryptocurrency Investment Article

CNBC. 2018. Warren Buffett: Bitcoin Is An Asset That Creates Nothing Accessed via https://www.youtube.com/watch?v=LtITDtZPYEw&t=180s&ab_channel=CNBC  on January 10th, 2022.

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2 thoughts on “Warren Buffet on Cryptocurrency Investment”
  1. Endemaj is an international investment house that aims to capitalise on disruptive innovations by equally leveraging finance and technology. Established in 2020, Endemaj distinguishes itself as one of the most visionary finance companies in Dubai by taking part in the global movement towards digitalisation. We partner with brave visionaries to infuse powerful ideas with the knowledge, resources and capital needed to succeed and reach public markets Investment entity in UAE.

  2. Endemaj is an international investment house that aims to capitalise on disruptive innovations by equally leveraging finance and technology. Established in 2020, Endemaj distinguishes itself as one of the most visionary finance companies in Dubai by taking part in the global movement towards digitalisation. We partner with brave visionaries to infuse powerful ideas with the knowledge, resources and capital needed to succeed and reach public markets Investment entity in UAE.

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