News & Feeds May 1, 2022

Buffet Continues To Show His Ignorance Of Bitcoin

Warren Buffet’s famous views on bitcoin have not changed at all. He and his number 2 Charlie Munger have maligned bitcoin at every opportunity, and have compared it to “rat poison” for its perceived effect on investors who buy it.

At the annual shareholder meeting on Saturday Buffet reiterated that bitcoin was “not a productive asset”, and that it “doesn’t produce anything tangible”.

CNBC live-streamed the event, and updates were added to its coverage as several hours of the meeting plus Q&A progressed. At one point Buffet explained why he wouldn’t buy bitcoin, saying: