What are buffet's thoughts on the potential risks of investing in crypto?

3 answers

• Dec 25, 2021 · 3 years ago
  Warren Buffett, the legendary investor, has been quite vocal about his skepticism towards cryptocurrencies. He has repeatedly expressed concerns about the lack of intrinsic value and the speculative nature of cryptocurrencies. According to Buffett, investing in cryptocurrencies is akin to gambling, as their value is primarily driven by market speculation rather than underlying fundamentals. He believes that cryptocurrencies are highly volatile and prone to significant price fluctuations, making them risky investments. Buffett advises investors to be cautious and to focus on traditional investment vehicles with proven track records.
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• Dec 25, 2021 · 3 years ago
  Warren Buffett is not a fan of cryptocurrencies. In fact, he has famously called Bitcoin 'rat poison squared.' Buffett's main concern with cryptocurrencies is their lack of intrinsic value. Unlike stocks or bonds, cryptocurrencies do not generate cash flows or have any underlying assets to support their value. Buffett believes that investing in cryptocurrencies is purely speculative and akin to gambling. He advises investors to stay away from cryptocurrencies and instead focus on long-term investments in companies with strong fundamentals and predictable cash flows.
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• Dec 25, 2021 · 3 years ago
  As an expert in the field of investing, I can tell you that Warren Buffett has been a vocal critic of cryptocurrencies. He has repeatedly warned investors about the potential risks and dangers associated with investing in cryptocurrencies. Buffett believes that cryptocurrencies have no intrinsic value and are highly speculative in nature. He argues that the volatility and lack of regulation in the cryptocurrency market make it a risky investment. Buffett advises investors to be cautious and to stick to traditional investment vehicles like stocks and bonds, which have a proven track record of generating long-term returns.
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