Warren Buffett gives his most expansive explanation for why he doesn’t believe in bitcoin

“If you offered me all the Bitcoin in the world for $25.00 I wouldn’t take it” / Warren Buffet

“If you said… for a 1% interest in all the farmland in the United States, pay our group $25 billion, I’ll write you a check this afternoon,” Buffett said. ”[For] $25 billion I now own 1% of the farmland. [If] you offer me 1% of all the apartment houses in the country and you want another $25 billion, I’ll write you a check, it’s very simple. Now 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. It isn’t going to do anything. The apartments are going to produce rent and the farms are going to produce food.”

I have to admit, I am in the Warren Buffet camp, I just don’t see any use or value for “Bitcoin” or any Cryptocurrency. 

For me, “Blockchain”, has real value!

But, what do you think? 

This article is published on:https://www.cnbc.com/2022/04/30/warren-buffett-gives-his-most-expansive-explanation-for-why-he-doesnt-believe-in-bitcoin.html?fbclid=IwAR1k6_cOUJcd0-B_AqbQMB5M7nIK4HvrRoTB072PkY9IrjzHGyt8O-GkvIQ

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