Warren Buffett: buying bitcoin is not an investment
Legendary investor Warren Buffett, whose fortune is estimated at $ 100 billion, believes that buying bitcoin is not an investment, but rather a gamble or even a gamble. The head of Berkshire Hathaway expressed this idea during an interview with Yahoo Finance.
"There are two types of things people buy, while believing they are investing," Buffett said. - The first type is a real investment, and the second is not »
According to him, bitcoin belongs to the second type.
"If you buy something like a farm, a dwelling house or a share in a company ... you can do it on a private basis ... This is quite a good investment. You see investment as something that will bring you income. Now, if you buy something like bitcoin or some crypto currency, then you, in fact, do not have anything that could do anything. You just hope that the next guy will pay more, "Buffett added.
It is noteworthy that despite the criticism of the new asset class, Warren Buffett does not see anything wrong with buying a crypto currency, because, he said, this is reminiscent of gambling:
"You do not invest when you do this. You are speculating. There is nothing wrong with that. If you want to play gambling, someone else will come and pay tomorrow more money. It's such a game. This is not an investment "
i think,he is not understand,what is cryptocurrency.This is a new era of crypto.
I agree with you, he is too conservative.
There is a little bit of truth in the wise mans words, keep in mind that he built on is own one of the biggest investment companies in the world!
Normally I think he knows what to do and what not, but even the “oracle from Omaha” can fail.
So, lets see if when BTC and all the others will built more and more jobs and create more and more worth, than that´s the turning point because the acceptance will also grow and with her hopefully most of the stores and the industries will accept crypto as payment -and this will be no more gambling because it will change from fiat to crypto in final.
with sunny greetings from Andalusia
Don Thomas
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