Warren Buffett Doesn't Believe in Bitcoin

 Billionaire Warren Buffett said that even if all Bitcoins cost $25, he wouldn't buy them, because 

"It's going to go up or down in the next five or 10 years, I don't know. But one thing I'm pretty sure it won't produce anything," the Berkshire Hathaway founder said at a recent shareholder meeting.

To clarify, Buffett said he is willing to pay $25 billion for 1% of farmland or 1% of apartment buildings in the US. However, if someone owned all the Bitcoins in the world and offered him $25, he wouldn't accept it either. "I don't know what to do with them and will have to sell them one way or another. They won't make anything. While apartments can be rented, land can become farms. Food production".

In the cryptocurrency market, Bitcoin is currently worth more than 700 billion USD. It is a fact pointed out by CNBC that many people consider this an asset class to invest in with the expectation that they will increase in price in the future. Some markets also consider Bitcoin to have great potential for use as a form of digital currency.

According to Buffett, an asset class to have value "needs to give something to someone". If currency, only one currency is accepted per country.

He also implied that Bitcoin is appreciated as it is today because it is attached to a certain "magic", but also thinks that this is not too special because "people are attaching magic to a lot of things. ".
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