Warren Buffett Says He Wouldn't Take All the Bitcoin in the World for $25
investor had his most harsh words yet for the cryptocurrencyhas nothing to do with whether people can make money trading bitcoin. Buffett’s opposition is purely on principle because bitcoin has no intrinsic“Whether it goes up or down in the next year, or five or 10 years, I don’t know. But the one thing I’m pretty sure of is that it doesn’t multiply, it doesn’t.Buffett, who’s worth $124 billion,
explained that if the people who attended his meeting somehow owned all the farmland in the U.S. and he was offered a 1% stake on that farmland for $25 billion, he’d write out a check immediately because it’s a great deal on something that’s productivein the U.S., if that was somehow on offer. “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,” Buffett said.