• About Us
  • Contact Us
  • Cookie policy (EU)
  • Home
  • Privacy Policy
  • Video
  • Write for us
Today Headline
  • HOME
  • NEWS
    • POLITICS
    • News for today
    • Borisov news
  • FINANCE
    • Business
    • Insurance
  • Video
  • TECHNOLOGY
  • ENTERPRISE
  • LIFESTYLE
    • TRAVEL
    • HEALTH
    • ENTERTAINMENT
  • AUTOMOTIVE
  • SPORTS
  • Travel and Tourism
  • HOME
  • NEWS
    • POLITICS
    • News for today
    • Borisov news
  • FINANCE
    • Business
    • Insurance
  • Video
  • TECHNOLOGY
  • ENTERPRISE
  • LIFESTYLE
    • TRAVEL
    • HEALTH
    • ENTERTAINMENT
  • AUTOMOTIVE
  • SPORTS
  • Travel and Tourism
No Result
View All Result
TodayHeadline
No Result
View All Result

Warren Buffett wouldnt buy all of the bitcoin in the world for $25: It doesnt produce anything – CNBC

May 2, 2022
in News
0
Warren Buffett wouldnt buy all of the bitcoin in the world for $25: It doesnt produce anything – CNBC
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

It doesn’t look like legendary investor Warren Buffett will be adding bitcoin to his portfolio any time soon.

Asked Saturday at the annual Berkshire Hathaway shareholders meeting if he had changed his famously negative views on bitcoin or crypto, the 91-year-old investor didn’t mince his words.

Buffett began his answer by saying that if all the attendees in the room owned “all the farmland in the United States” or “all the apartments in the country” and they offered him a 1% stake for $25 billion, he would write them a check on the spot. But he wouldn’t do the same for bitcoin and its over-$700 billion market cap.

“If you … owned all of the bitcoin in the world and you offered it to me for $25, I wouldn’t take it,” Buffett said. “Because what would I do with it? I’ll have to sell it back to you one way or another. It isn’t going to do anything.”

He described his views on farmland and rental properties versus bitcoin as “the difference between productive assets and something that depends on the next guy paying you more than the last guy got.”

“The apartments are going to produce rent and the farms are going to produce food,” he said. “If I’ve got all the bitcoin, I’m back wherever [anonymous bitcoin founder Satoshi] was.”

He attributed the allure of bitcoin to a type of “magic” that draws investors.

“Whether it goes up or down in the next year or five years or 10 years, I don’t know. But one thing I’m sure of is that it doesn’t multiply, it doesn’t produce anything,” he said. “It’s got a magic to it, and people have attached magic to lots of things.”

Buffett has long been against cryptocurrencies. He told CNBC in 2018 that “they will come to a bad ending” and said that Berkshire Hathaway will “never have a position in them.”

“I get into enough trouble with the things I think I know something about,” he said at the time. “Why in the world should I take a long or short position in something I don’t know about?”

Sign up now: Get smarter about your money and career with our weekly newsletter

Don’t miss: Warren Buffett says you can protect against inflation by being ‘exceptionally good at something’

Previous Post

DIY Apple Studio Display uses 2014 iMac to save $730 – Ars Technica

Next Post

Priscos 2022 NFL Draft grades for all 32 teams: Ravens earn A+, Chiefs and Jets get As, worst mark to Bears – CBS Sports

Related Posts

Al Horford, Marcus Smart start for Boston Celtics in Game 2 against Miami Heat – ESPN
News

Al Horford, Marcus Smart start for Boston Celtics in Game 2 against Miami Heat – ESPN

https://www.espn.com/nba/story/_/id/33945691/boston-celtics-center-al-horford-available-game-2-miami-heat

Read more
Does it matter that Utahs population was overcounted in the 2020 census? – KSL.com
News

Does it matter that Utahs population was overcounted in the 2020 census? – KSL.com

https://www.ksl.com/article/50408006/does-it-matter-that-utahs-population-was-overcounted-in-the-2020-census

Read more
Former top FBI official says hes 100% confident Michael Sussmann told him he wasnt passing on tip for Hillary Clintons campaign – CNN
News

Former top FBI official says hes 100% confident Michael Sussmann told him he wasnt passing on tip for Hillary Clintons campaign – CNN

https://www.cnn.com/2022/05/19/politics/michael-sussmann-john-durham-mistrial-request/index.html

Read more
13-year-old carjacking suspect, apparently unarmed, shot by Chicago police in South Austin neighborhood – Chicago Tribune
News

13-year-old carjacking suspect, apparently unarmed, shot by Chicago police in South Austin neighborhood – Chicago Tribune

https://www.chicagotribune.com/news/breaking/ct-chicago-police-shooting-man-critically-injured-after-chase-20220519-3earzqk6pfbchf2r56mhqndjz4-story.html

Read more
Oklahoma passes strictest abortion ban; services to stop – The Associated Press
News

Oklahoma passes strictest abortion ban; services to stop – The Associated Press

https://apnews.com/article/abortion-us-supreme-court-politics-texas-legislature-a43f7f21c1b8e07a383b120d1bdbc695

Read more
Load More
Next Post
Priscos 2022 NFL Draft grades for all 32 teams: Ravens earn A+, Chiefs and Jets get As, worst mark to Bears – CBS Sports

Priscos 2022 NFL Draft grades for all 32 teams: Ravens earn A+, Chiefs and Jets get As, worst mark to Bears - CBS Sports

  • Trending
  • Comments
  • Latest
Its a Type of Genotoxicity: Virologist Explains mRNA Vaccine Conversion to DNA – The Epoch Times

Its a Type of Genotoxicity: Virologist Explains mRNA Vaccine Conversion to DNA – The Epoch Times

‘Heartbroken’ Dog Doesn’t Understand Why His Family Is Leaving Him At The Shelter

‘Heartbroken’ Dog Doesn’t Understand Why His Family Is Leaving Him At The Shelter

Sex/Life fans notice a HUGE editing fail in Adam Demos’ nude shower scene –

Sex/Life fans notice a HUGE editing fail in Adam Demos’ nude shower scene –

Horror as goat gives birth to ‘humanoid kid’ with baby-like face

Caesar Salad Recipe (With Homemade Dressing!)

Caesar Salad Recipe (With Homemade Dressing!)

China will launch a big space telescope in 2023 to investigate distant galaxies – Space.com

China will launch a big space telescope in 2023 to investigate distant galaxies – Space.com

NASA Voyager 1 Probe From the 70s Troubled by Mysterious Glitch – CNET

NASA Voyager 1 Probe From the 70s Troubled by Mysterious Glitch – CNET

The Wave Hill Alpine House

The Wave Hill Alpine House

About Us

Todayheadline the independent news and topics discovery
A home-grown and independent news and topic aggregation . displays breaking news linking to news websites all around the world.

Follow Us

Latest News

Caesar Salad Recipe (With Homemade Dressing!)

Caesar Salad Recipe (With Homemade Dressing!)

China will launch a big space telescope in 2023 to investigate distant galaxies – Space.com

China will launch a big space telescope in 2023 to investigate distant galaxies – Space.com

Caesar Salad Recipe (With Homemade Dressing!)

Caesar Salad Recipe (With Homemade Dressing!)

China will launch a big space telescope in 2023 to investigate distant galaxies – Space.com

China will launch a big space telescope in 2023 to investigate distant galaxies – Space.com

NASA Voyager 1 Probe From the 70s Troubled by Mysterious Glitch – CNET

NASA Voyager 1 Probe From the 70s Troubled by Mysterious Glitch – CNET

  • Real Estate
  • Education
  • Parenting
  • Cooking
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2021 All rights are reserved Todayheadline

No Result
View All Result
  • Real Estate
  • Education
  • Parenting
  • Cooking
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2021 All rights are reserved Todayheadline

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Posting....