Buffett Sings Bitcoin Again: Buying Bitcoins Is Not an Investment

U.S. local time this Saturday (April 28th), another Yahoo financial interview in Omaha, Nebraska, 87-year-old investor and Berkshire Hathaway CEO Warren Buffett once again expressed With contempt for cryptocurrency investments, he made it clear that buying Bitcoins is not an investment. Warren Buffett added: “People buy and feel that they are actually investing in only two types of products, one is real investment, but the other is not.” “If you buy a farm, an apartment, or If you are interested in a business, then at least on an individual basis, it is an investment because you can see that the investment itself will pay you back. Now, if you buy something like Bitcoin or some sort of cryptocurrency, then you There isn't any material thing. What you can expect is that the next guy can buy bitcoins or other cryptocurrencies at a higher price.” Buffett continues to say that investing in Bitcoin and other cryptocurrencies is just A "game" and "gambling", and in fact no one knows exactly what it is (bitcoin). Buffett, an investor who is known as the "Prophets of the Bahamas," has been pessimistic about the cryptocurrency industry and has clearly confirmed that cryptocurrencies will end in "tragedy." In an interview in January of this year, Buffett said he was "unknown" to the cryptocurrency. Since 2014, Buffett has said that the cryptocurrency lacks intrinsic value, and also referred to Bitcoin as a “mirage” in an interview with CNBC. In fact, Buffett promoted the tone of the Bitcoin bubble and pointed out that people should not pay attention to Bitcoin because it is not a valuable asset. This week, Bill Harris, the chief payment company’s chief executive, “badmouthed” Bitcoin and called it a scam. Charlie Munger, 94, a deputy chairman of Berkshire Hathaway, even stated that people’s interest in Bitcoin "makes him feel sick."