Warren Edward Buffett (born August 30, 1930) is a business character, investor, and philanthropy United States who served as chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world, and has a net worth of $ 82.9 billion in February 2018, making him the third richest person in the world.
Buffett has been Berkshire Hathaway's chairman and largest shareholder since 1970. He has been referred to as "Wizard", "Oracle", or "Sage" from Omaha by the global media thanks to his ability to value investments and to save personally, even though his wealth is so abundant . However, he is also very generous, and even promised to give 99% of his wealth for philanthropic purposes, mainly through the Bill and Melinda Gates Foundation.
Warren Buffett has also been a controversial figure for the past few years because only he and his partner, Bill Gates, have so far not acknowledged that Bitcoin is real and includes a promising investment instrument. After we discussed about Bitcoin According to Bill Gates, this time Warren Buffett's turn about Bitcoin from time to time that will be our main topic of discussion.
March 2014 - Stay away from Bitcoin, It Is Fatamorgana
"Stay away from Bitcoin, it's basically a mirage," says Bitcoin according to Warren Buffett, as he stated firmly on CNBC Squawk Box on March 14, 2018.
Responding to a question about crypto currency from Quicken Loans founder Dan Gilbert, Buffett said, "This is a remittance method.This is a very effective way to send money and you can do it anonymously Checks are a way of transmitting money as well. money just because they can send money? I hope Bitcoin to be a better way to do it, but you can replicate it in various ways.The idea that it has great intrinsic value is just a joke in my view. "
October 2017 - Bitcoin Is a Real Bubble
In October 2017, the Oracle of Omaha reportedly told participants of Q & A sessions or question and answer sessions in Omaha, Nebraska, that the popular value of crypto (especially Bitcoin) rocketing currencies is the bubble waiting to explode.
"People are excited about the big price moves, and Wall Street is accommodating," Buffett said. Bitcoin that allows payments without intermediaries of traditional banking does look very potential in the future. However, since there is no support from the government, its value continues to fluctuate wildly in recent years.
"You can not judge Bitcoin because it's not a value-earning asset," Buffett told MarketWatch. He said that it is impossible to say how far the value of Bitcoin will go up, adding that there is a "Real Bubble" in that sort of thing.
At that time, the same thing was also said by JPMorgan Chase CEO Jamie Dimon. Dimon says that "Bitcoin is a fraud". "You will not be able to own a business just by creating a currency out of thin air, and think that those who buy it are really smart," he told Reuters.
January 2018 - No Doubt Again, Bitcoin Will End Bad
Berkshire Hathaway's CEO Warren Buffett said on Jan. 10 that the company was not interested in riding on a crypto currency train, including in the Bitcoin Futures market.
"In terms of crypto currency, in general, I can say almost certain that they will end badly," he said. However, he is also not interested to benefit from the decline in Bitcoin prices by placing short positions on it.
"There is no reason (for me to open a position in Bitcoin)," Buffett said in an interview on CNBC. "I'm having a lot of trouble with things I know something about, why do I need to take a long or short position on something I do not know anything about."
Warren Buffett's comments on Bitcoin were revealed a day after JPMorgan Chase CEO Jamie Dimon said he regretted calling Bitcoin a fraud. Buffett said Berkshire Hathaway remains focused on identifying good businesses and investing in them.
February 2018 - Bitcoin Is Toxic Danger
"Bitcoin is a dangerous poison," Warren Buffett's simple phrase about Bitcoin is very sharp.
Warren Buffett's right hand, Charlie Munger, also emphasized the same thing: "Our looser government approach to Bitcoin is wrong.The right answer to something like that is stepping on it hard.Virtual currency is also a gateway to marketing fraud and many business related crypto currency is being operated by Scammer. "
May 2018 - Better Bitcoin Called Gambling Instead of Investing
Warren Buffett again says that Bitcoin is gambling and not an investment in May 2018. He told Yahoo Finance in early May 2018, "If you buy something like Bitcoin or some other crypto currency, you do not really have anything that produces something.You just hope the next person pays more. "
He continued, "There is nothing wrong with that, if you want to gamble, other people will come and pay more money tomorrow. (But) it is one kind of game.
Buffett bought Berkshire Hathaway, a textile factory that was financially troubled, in the early 1960s and turned it into one of the most successful investment institutions in the world. The success is attributed to a strong investment strategy by investing in business models that are easy to understand and hard to disturb. That philosophy has caused Buffett to be skeptical of the technology sector and bitcoin in particular, which he calls "mirage" in March 2014.
In his latest comment, he further criticized bitcoin, arguing its value is too dependent on trade. "Now if you ban trades on farms, you can still buy farms and have a very decent investment, but if bitcoin trade is forbidden, people will have no reason to invest again," he concluded.
May 2018 - Bitcoin May be a Quadratic Rat Rat
Prior to Berkshire's annual meeting, Buffett told a reporter from CNBC on May 7, 2018 that, "Bitcoin is probably a squares rats poison."
During the meeting itself, Buffett joked that "if you have bought gold in Christ's time and you know the compound interest rate, that's a few tens of percent." Bitcoin according to Warren Bufferr is something you can buy it, but will not be able to produce anything of value. "
As an investor who prioritizes the intrinsic value of his investments, it is clear he does not take a good look at investments in the form of Bitcoin.
