Warren Buffett DESTROYS Bitcoin #bitcoin #money #bank #warrenbuffet #crypto #shorts

Warren Buffett, the billionaire investor, has stated that Bitcoin is not a good investment for the future. In a short video titled “#shorts,” Buffett revealed the truth about the cryptocurrency, emphasizing its lack of inherent value and volatility. The video was released amid Bitcoin’s recent fluctuations in price, with the digital currency dropping below $30,000 in June after reaching a record high of over $63,000 in April. Despite being a proponent of traditional investments such as stocks and bonds, Buffett’s views on Bitcoin have remained skeptical, with him previously dubbing it a “gambling device.”

Recently, Warren Buffet made a statement that shocked the cryptocurrency world, saying that Bitcoin is going to be destroyed.

For those who don’t know, Warren Buffet is one of the most successful investors in history. He has made billions of dollars through smart investments in companies like Coca-Cola and American Express. When Warren Buffet speaks, people listen, and that’s why his statement has been making waves in the cryptocurrency community.

So what did Warren Buffet say exactly? During an interview with CNBC, Buffet stated that Bitcoin has no intrinsic value, adding that it’s a “delusion” and a “bubble”. He went on to say that he wouldn’t be surprised if Bitcoin went down to zero, because it’s not a productive asset and doesn’t produce anything.

This is a harsh critique coming from someone as respected as Warren Buffet. However, there are some who disagree with his opinion on Bitcoin.

Proponents of Bitcoin argue that it is a decentralized currency with the potential to revolutionize the financial world. They point out that it can be used to make purchases online and can serve as a safe store of value, similar to gold. Additionally, many believe that Bitcoin’s limited supply and increasing demand will lead to its value increasing over time.

Despite this, there is no denying that Bitcoin has had a volatile history. Its price has experienced huge fluctuations over the years, making investors both rich and poor. Some of these fluctuations are due to the speculative nature of the cryptocurrency, making it difficult to predict its long-term viability.

As with any investment, whether it’s in Bitcoin or in traditional stocks, there are risks involved. Warren Buffet’s criticism of Bitcoin should be taken into consideration, but it’s important to remember that everyone has their own opinions and strategies when it comes to investing.

In the end, only time will tell where Bitcoin stands. Will it continue to rise and disrupt traditional financing, or will it eventually fade away? Until then, it’s important to keep an open mind and do your own research before making any investment decisions.

If you tell me you own one percent of the apartment houses in the United States and you offer me a one percent interest so I’ll have a one percent in all the apartment houses in the country I’ll write you a check if the people in this room

Owned all of the Farmland in the United States and you offered me a one percent interest in it and you said from one percent interest in all the Farmland pay me uh 25 billion dollars I’ll write your check it’s very simple the apartments are going to produce rental and and the

Farms are going to produce food now if you told me you owned all of the Bitcoin in the world and you offered it to me for twenty five dollars I wouldn’t take it because what would I do with it I have to sell it back to you one way or

Another I mean they’ve got the same people but it isn’t going to do anything that explains the difference between productive assets and something that depends on the next guy paying you more than the last guy got now

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