The most famous investor does not recognize bitcoin, believing that buying such an asset is not an investment, but a gamble
Warren Buffett, a well-known investor, does not recognize bitcoin, believing that buying such an asset is not an investment, but a gamble:
“There are two things that people buy and still feel they are investing. The first type is a real investment, and the second is not. Bitcoin belongs to the second type. “
The billionaire added:
“If a person buys a farm, an apartment building or a share in the company, he can do it on a private basis. This is a good investment. You see investment as something that will bring you income. Now, if a person buys bitcoin or any other cryptocurrency, then, in fact, there is nothing that could do anything. You just hope that the next guy will pay more. “
It may appear that Buffett is categorically against buying cryptocurrency and does not want to hear anything about investing in such assets, however, this is not the case:
“You do not invest when buying bitcoin, but you speculate. There is nothing wrong. If you want to play gambling, someone else will come and pay tomorrow more money. It’s such a game. This is not an investment. “
CEO Binance Changpeng Zhao commented on the words of the billionaire, saying that Buffett absolutely does not understand anything in crypto-currencies, despite the fact that he is an internationally recognized financial expert.