Warren Buffett again stated uselessness of cryptocurrency
Despite a recent meeting with Tron Foundation CEO Justin Sun and a number of other cryptocurrency industry representatives, well-known investor and Berkshire Hathaway CEO Warren Buffett remains convinced that digital assets are worthless.
“Cryptocurrencies basically have no value and they don’t produce anything. In terms of value: zero. I don’t have any cryptocurrency and I never will,” he said in an interview with CNBC.
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Nothing new there. He is always late to the technology game.
Posted via Steemleo
Nothing new there. He is always late to the technology game.
Posted via Steemleo
Never liked Buffet, but he does have a point. The entire backing of cryptocurrencies are fiat, they only have value because of people's confidence that they possess a value.