Warren buffett cryptocurrency quote

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Here are Buffett's 16 best quotes about Bitcoin and crypto, edited and condensed for clarity: 1. They don't reproduce, they can't mail you a check, they can't do anything, and what you hope is that somebody else comes along and pays you more money for them later on, but then that person's got the problem. In terms of value: zero. You can stare at it all day and no little Bitcoins come our or anything like that. It's a delusion basically. There are not going to be a bunch of rabbits sitting there in front of us.

They're just gonna sit there. And I gotta hope next time you get more excited after I've bought if from you and then I'll get more excited and buy it from you. We could sit in the house by ourselves and we could keep running up the price between us. But at the end of the time there's one Bitcoin sitting there and now we've gotta find somebody else. They come to an end. If I could buy a five-year put on every one of the cryptocurrencies, I'd be glad to do it, but I would never short a dime's worth.

It's a very effective way of transmitting money and you can do it anonymously and all that. A check is a way of transmitting money too. Are checks worth a whole lot of money just because they can transmit money? I hope Bitcoin becomes a better way of doing it but you can replicate it a bunch of different ways. The idea that it has some huge intrinsic value is just a joke in my view. It does not meet the test of a currency. Nubank has over 70 million customers in Brazil and other Latin American countries.

The plan is to offer customers discounts and perks available by spending Nucoins. Polygon co-founder Sandeep Nailwal praised the move. Buffett was even labeled enemy number one of Bitcoin by Peter Thiel. Buffett has been a proponent of investing in value companies and also investing in what you know. The legendary investor invests in companies he believe have a strong feature and have products that consumers want and need.