Billionaire Warren Buffett Says Bitcoin Has Got A Magic To It — But He Still Wont Buy It ⋆ ZyCrypto - BitcoinEthereumNews.com
Despite Bitcoin being the best performing asset of the past decade, Warren Buffett is still not stoked an inch by the worlds most populous cryptocurrency. Speaking during a Berkshire Hathaway Anual Shareholder meeting Saturday, the Billionaire once again, expressed disapproval for Bitcoin, stating that it is not a productive asset. He expressed amusement at how everyone seemed to only be long on an asset that did not produce anything tangible and was purely based on speculation. “Assets, to have value, have to deliver something to somebody. And there‘s only one currency that’s accepted. You can come up with all kinds of things- we can put up Berkshire coins… but in the end, this is money,” siya sinabi. To him, it did not matter how much conviction Bitcoin had on traditional finance and investment actors who are already dabbling with the nascent crypto sector since it failed to prove its productiveness. “Kung tumaas o bumaba sa susunod na taon, o lima o 10 taon, hindi ko alam. Ngunit ang isang bagay na sigurado ako ay hindi ito nagbubunga ng anuman, Buffett said before adding ”Its got a magic to it and people have attached magics to lots of things. anunsyo Buffett whose fund, Berkshire Hathaway has shown