Warren Buffett again stated uselessness of cryptocurrency

in #crypto • 4 years ago

warren buffett.jpg

Despite a recent meeting with Tron Foundation CEO Justin Sun and a number of other cryptocurrency industry representatives, well-known investor and Berkshire Hathaway CEO Warren Buffett remains convinced that digital assets are worthless.

“Cryptocurrencies basically have no value and they don’t produce anything. In terms of value: zero. I don’t have any cryptocurrency and I never will,” he said in an interview with CNBC.

Read more on Blockchain Today

#blockchaintd #cryptocurrency #blockchaintoday #justonsun #buffett #tron #bitcoin
4 years ago in #crypto by
$1.84
  • Past Payouts $1.84, 0.00 TRX
  • - Author $0.92, 0.00 TRX
  • - Curators $0.92, 0.00 TRX
11 votes
Reply 3
Sort:  
  • Trending
    • [-]
     4 years ago 

    Nothing new there. He is always late to the technology game.

    Posted via Steemleo

    $0.08
    • Past Payouts $0.08, 0.00 TRX
    • - Author $0.04, 0.00 TRX
    • - Curators $0.04, 0.00 TRX
    5 votes
    Reply
    [-]
     4 years ago 

    Nothing new there. He is always late to the technology game.

    Posted via Steemleo

    $0.08
    • Past Payouts $0.08, 0.00 TRX
    • - Author $0.04, 0.00 TRX
    • - Curators $0.04, 0.00 TRX
    4 votes
    Reply
    [-]
     4 years ago 

    Never liked Buffet, but he does have a point. The entire backing of cryptocurrencies are fiat, they only have value because of people's confidence that they possess a value.

    $0.00
      Reply

      Coin Marketplace

      STEEM 0.30
      TRX 0.12
      JST 0.033
      BTC 64344.02
      ETH 3142.36
      USDT 1.00
      SBD 4.01