Warren Buffett is one of the most successful investors in the world, but he is also one of the most vocal critics of Bitcoin.
- He believes Bitcoin is not a productive asset and does not produce anything tangible. He compares Bitcoin to farmland or apartment houses, which generate rent and food, while Bitcoin only relies on the demand and supply of the market.
- He thinks Bitcoin is not a durable means of exchange and not a store of value. He argues that Bitcoin is too volatile, too unpredictable, and too susceptible to fraud and manipulation.
- He says Bitcoin is bad for civilization and attracts charlatans. He believes that Bitcoin is used for illicit activities, such as money laundering and tax evasion, and that it lures people into scams and speculation.
Opinion not all agree
These are some of the opinions that Warren Buffett has expressed about Bitcoin over the years. However, not everyone agrees with him, and some people think that he is missing out on a revolutionary technology that could change the world.
What do you think? Is he right; or is it a revolutionary technology that is changing our world?
Watch out for the Bitcoin EV revolution that is about to take off!