NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets

What Bitcoin Hater Warren Buffett Thinks of Crypto Doesn’t Matter, Here’s Why

Nick Chong
Nick Chong
1 year ago
4 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

To most in the cryptocurrency community, Bitcoin (BTC) is a paradigm-shifting asset with unlimited potential. But to Warren Buffett, one of the world’s most well-respected investors, it is something with little-to-zero intrinsic value, and resembles “rat poison” more than it does shares in his favorite companies: Coca-Cola, Dairy Queen, or GEICO.

Since Buffett and his peers at conglomerate Berkshire Hathaway began to discuss the topic of cryptocurrency, the media has been all over it, repeating his statements on this industry ad nauseam. But should we care? And just as importantly, is there any change that he will change his mind on the viability of digital assets?

Related Reading: Crypto Analyst Reminds Traders That It’s Buy The Dip Season in Bitcoin

Teamwork Makes The Dream Work?

Over the past week, Buffett’s name has become like a hot altcoin — thrown about on Twitter willy-nilly. This is for good reason. Justin Sun, the enigmatic entrepreneur behind both Tron and BitTorrent, was recently revealed to have been the mystery winner of the Oracle of Omaha’s latest charity lunch auction.

Per previous reports from NewsBTC, Sun revealed earlier this week that he spent $4.67 million on the auction, managing to outbid the world’s white-collars to secure this meeting, which will take place in New York at the Smith and Wollensky Steakhouse. In a press release, the Tron founder stated that he, alongside some of his peers, hopes to discuss the promises of blockchain technologies and discuss entrepreneurship.

With this news, many have tried to throw their hat into the ring, stating that Sun should bring a class of cryptocurrency pundits that Buffett won’t be able to not listen to. The following have been nominated countless times:

Binance chief executive Changpeng “CZ” Zhao; Anthony Pompliano, the Bitcoin-boosting head of Morgan Creek Digital; fabled decentralization educator Andreas Antonopoulos (he has since revealed that he doesn’t want to be crypto’s PR spokesperson); analyst Murad Mahmudov; Fidelity’s Abigail Johnson; and even the venerable Satoshi Nakamoto, whoever they are and wherever they might be.

My hand picked team to bring with me to convince Buffett of Bitcoin’s future potential would be:@aantonop@real_vijay@CaitlinLong_ @MustStopMurad@cz_binance@HesterPeirce
Abigail Johnson

Who would you bring?

— Pomp 🌪 (@APompliano) June 3, 2019

Optimists hope that this posse — a crypto “dream team” if you will — will be able to convince Buffett of the value of Bitcoin and related technologies. They see this upcoming lunch as a perfect opportunity to convince the Berkshire Hathaway powerhouse that BTC has a future. More importantly, they are seemingly hoping that the billionaire investor will go full “bull-tard”, touting the value of cryptocurrencies until his last breath.

Don’t get your hopes up though.

Xapo’s Wences Casares, who gained notoriety as “Patient Zero” for Bitcoin due to his ability to convince Silicon Valley and Wall Street of its potential, weighed in. Responding to Pompliano’s above tweet, the businessman, who recently claimed that he expects for BTC to be valued at over $1 million within the decade, said that he failed to convince Buffett… twice.

If Casares isn’t blagging, that doesn’t bode well. As mentioned, the Xapo chief executive is known in the industry for convincing staunch Bitcoin skeptics to find value in the asset and its potential. So what are the chances that others will be able to convince Buffett?

I tried and failed. Twice.

— Wences Casares (@wences) June 4, 2019

Buffett’s Bitcoin Thoughts Don’t Matter

The thing is, and I’m speaking from the heart here, his thoughts on the space don’t exactly matter. Sure, his anti-crypto quips make for good headlines, as do similar comments from his partner-in-crime, Charlie Munger, but we could cut the crap.

As I explained on Twitter last month, Munger, who effectively shares a single stream of consciousness with Buffett, told reporters earlier this year that he is “ashamed” he didn’t buy Google for his investors.

Bitcoin, Buffett
What Buffett missed out on.

Munger then said the same about Amazon, which Berkshire Hathaway had a chance to invest in when shares went astoundingly cheap. And Buffett has called himself an “idiot” over not investing in the technology heavyweight.

My point here is that while Bitcoin obviously isn’t Google (nor should it be), a precedent is set that Munger and his crew missed a technological trend due to their lack of knowledge, then regretted it years down the line.

Buffett's partner in crime Charlie Munger: #Bitcoin investors gather together "to celebrate the life and work of Judas Iscariot." "Trading cryptocurrencies […] is like […] trading turds."

Also Munger: "We're ashamed [that we didn't buy Google]." pic.twitter.com/7xkKmuxXZE

— Nick Chong (@n1ckchong) May 4, 2019

My point here is that while Bitcoin obviously isn’t Google (nor should it be), a precedent is set that Munger and his crew missed a technological trend due to their lack of knowledge, then regretted it years down the line.

With Bitcoin and related technologies being touted by pundits as having a similar, if not greater potential than the Internet, it really makes you think if Buffett is missing the boat for the second time.

What’s even more astounding about this, Buffett has remarked that he only invests in things in his “circle of competence” and that investors should “never listen to people like me“. Buffett, for those unaware, is reported to still own a flip phone, and is believed to have struggled with opening a text during 2008’s Financial Recession that could have saved the Lehman Brothers.

So I ask this question — does Buffett really know what he’s talking about when he calls Bitcoin an asset for charlatans and something with little use? No, likely not.

Featured Image from Shutterstock. Charts Courtesy of Tradingview.com
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

top criptomonede cu potential

Ce proiecte noi din presale pot urca în 2025 printre top criptomonede?

În ultimele 24 de ore, piața crypto a scăzut cu aproape 2%. Mulți investitori și-au luat profiturile după creșterile recente,...

antonio 2 hours ago
Bitcoin news

Bitcoin Stuck In Neutral While Markets Roar — Analyst Explains Why

Bitcoin’s listless tape in the face of roaring macro risk is less a contradiction than a timing problem, argues this...

Jake Simmons 3 hours ago
биткоин

«Большая политическая новость» для Биткоина

В криптосфере политические решения формируют долгосрочные тренды, влияя не только на цену активов, но и на то, как люди осваивают...

daria 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Solana

Solana Faces Deadly Selling Pressure After 312,233 SOL Deposit Into Coinbase – Here’s The Value

Scott Matherson 44 minutes ago
Eerste Chinese stablecoin debuteert - wereldwijde crypto race verhit

Eerste Chinese stablecoin debuteert – wereldwijde crypto race verhit

Lars Diederiksen 55 minutes ago
ethereum eth ethusd crypto

Altcoins Hit Hard as Week Starts With $1.7 Billion in Crypto Liquidations

James Halver 2 hours ago

Premium Sponsors

Press Releases

  • Pet kriptovaluta koje u kripto balonu 2025. mogu dosegnuti tržišnu vrijednost od 10 milijardi dolara

    Pet kriptovaluta koje u kripto balonu 2025. mogu dosegnuti...

    20 minutes ago
  • 5 criptomonede care pot atinge o capitalizare de 10 miliarde de dolari în bula cripto din 2025

    5 criptomonede care pot atinge o capitalizare de 10...

    23 minutes ago
  • Najbolji meme coini za kupnju sada, dok se tržišna...

    57 minutes ago
  • ドージコイン 今後の価格予測:再び大きな上昇はあるのか

    ドージコイン...

    1 hour ago
  • リップル 今後の価格予測:今は買い時か?

    リップル 今後の価格予測:今は買い時か?

    2 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.