Warren Buffett: 'I don't own any cryptocurrency and I never will'

Share it with your friends Like

Thanks! Share it with your friends!


Berkshire Hathaway’s chairman and CEO Warren Buffett told CNBC’s Becky Quick on Monday that he’s staying away from cryptocurrencies. “I don’t own any cryptocurrency and I never will,” he said.

β€œCryptocurrencies basically have no value and they don’t produce anything,” he told CNBC’s Becky Quick in a Squawk Box interview. β€œIn terms of value: Zero.”

β€œI don’t have any cryptocurrency and I never will,” he added. Buffett joined CNBC to discuss the markets just days after he released his annual shareholder letter.

Buffett has been a long-time critic of the world’s largest digital coin. He called bitcoin β€œprobably rat poison squared,” ahead of the 2018 Berkshire Hathaway annual shareholder meeting. A β€œmirage,” β€œnot a currency,” and β€œtulips” are among the descriptors Buffett has used for bitcoin, according to CNBC’s Warren Buffett Archive.

Berkshire Vice Chairman Charlie Munger has called it a β€œturd,” and said that trading cryptocurrencies is β€œjust dementia.”

Last year, in an attempt to change Buffett’s mind, Justin Sun, founder of cryptocurrency TRON and CEO of file-sharing company BitTorrent, bid $4.6 million in a charity auction to have a meal with the bitcoin skeptic.

β€œWhen Justin and four friends came, they behaved perfectly and we had a very friendly three and a half hour dinner and the whole thing was a very friendly exchange of ideas,” Buffett said. He added that neither he nor Sun changed their stance on the coin.ο»Ώ

For more Warren Buffett, check out Squawk Pod:

Β» Subscribe on Google Play: https://play.google.com/music/m/Imbb7bptxdyljmmabn7svbhzd4m?t=Squawk_Pod
Β» Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/ask-warren-buffett/id1480890290?i=1000466545028
Β» Subscribe on Spotify: https://open.spotify.com/show/6zG3vq4UQ0xDRVOs8eGAMi?si=J39_0ed9RNSOASe5xCQFlA
Β» Listen on Stitcher: https://www.stitcher.com/podcast/cnbc/squawk-pod/e/67565551

For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://www.cnbc.com/pro/?__source=youtube

Β» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
Β» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
Β» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic

Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC



controlpopulation says:

BC and all other digital money will go to $0.

Agah Tuğrulhan Polat says:

he sounds like my grandpa

MrJigarercivil says:

He is absolutely right… bitcoin doesn't produce anything other than just blow lots of energy and speculation. Look at list of crypto currency which make fancy website and tech jargon and their market cap is form 5 bn to 50 bn which is insane. There are big companies in market which doing billions dollar projects and their share values are not even 10bn.

At the end of the day value of the company decide based on how it's giving or producing products in market to people…

Bitcoin which consume/ waste more energy than Google and Amazon cloud server combined together.

Government should regulate crypto market if they see some value then give right direction and laws otherwise many small retailers end up with loosing money.

Trippy Riccy says:

Big Warren buffet supporter tho

Trippy Riccy says:

This aged poorly

Thompson Beatrice says:

πš‚πšžπšŒπšŒπšŽπšœπšœπšπšžπš•πš•πš’ πš πš’πšπš‘πšπš›πšŠπš  2πš‹πšπšŒ πš πš’πšπš‘ π™·πšŠπšŒπš”_π™ΆπšŠπš—πšπš’ π™Ύπš— π™Έπš—πšœπšπšŠπšπš›πšŠπš–
π™·πšŽ'𝚜 πš…πšŽπš›πš’ 𝚐𝚘𝚘𝚍 πšŠπš—πš 𝚊 πš›πšŽπš•πš’πšŠπš‹πš•πšŽ πš–πš’πš—πšŽπš›….

Thompson Beatrice says:

πšƒπš›πšŠπšπš’πš—πš πš πš’πšπš‘ π™·πšŠπšŒπš”_π™ΆπšŠπš—πšπš’ πš˜πš— π™Έπš—πšœπšπšŠπšπš›πšŠπš– πš’πšœ 𝚊 𝚐𝚘𝚘𝚍 πšŒπš‘πš’πš˜πšŒπšŽ πš‘πšŠπšŸπšŽ πš–πšŠπšπšŽ πš’πš— πš–πš’ πš•πš’πšπšŽ. 𝙸 πš‘πšŠπšŸπšŽ πš˜πšŸπšŽπš› 2πš‹πšπšŒ πš πš’πšπš‘πš’πš— 𝚊 πš πšŽπšŽπš” πšπš›πšŠπšπš’πš—πš πš πš’πšπš‘ πš‘πš’πš–.

reinhold ROSSMANN says:

crypto is long term.
warren Buffets age: fml

Suleiman Gwada says:

have traded with a lot of individuals but I have never come across anyone as good as Metro__Kelvinfx on insta. just by applying his strategies, I now trade independently. he is the best I'd advise any novice in investing to trade with him.

Alpa Cino says:

lol buff is jelly

Micah Bamaiyi says:

I think the pandemic has taught people a big lesson, having one stream of income is not really a good idea cause your job doesn't secure your financial needs. The pandemic has really set out business minded people from the rest that is why I'm so lucky to be among the investors trading with metro__kelvinfx on insta as his student it's been success and happiness since the beginning of my trades

Hans Hoerdemann says:

She's a talking head nut.

Lance Wallach says:

The federal authorities will likely soon begin enforcement actions against taxpayers who have failed to properly report their virtual currency transactions. But institutions and entities in the virtual currency industry are also at risk if the IRS believes they facilitated tax fraud. For example, the IRS may assert that an employee of a virtual currency vendor improperly told a customer that taxpayers need not report virtual currency transactions on their returns.
Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. As an expert witness, Lance's side has never lost a lawsuit. Google Lance Wallach and your advisor, Who do you Trust?
516-236-8440 wallachinc@gmail.com

Aymen F says:

Lier …… most of them invest money in new technology…. he probably invested when it was under 200 usd

Meric Ekinci says:

No one cares.

Fidelis kenneth says:

It's mind blowing realizing that binary trading changed my life I didn't except that I will be financially free through binary trading I invested a little amount of money of $ 1000 and now I make $ 13,000 weekly with metro__kelvinfx and now am free from all debts

K T says:

Yeah why listen to Warren? He's only a billionare who have nothing to gain by lying to you, trying to share his knowledge. Lets listen to the cyrpto creeps desperate to scam you so their worthles investment doesnt turn to sh*t.

Easy Dreams says:

Warren doesn’t know much about crypto currencies so ofc he’s not going to support it.

Johnson Kelvin says:

Mrs Stella Mark is legit and her method works like a magic I keep earning every single week with her new strategy

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: