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Warren Buffett
legendary investor
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Page 2 of 2
Probably rat poison squared.
In terms of cryptocurrencies generally, I can say almost with certainty that they will come to a bad ending. 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.
If you and I buy various cryptocurrencies, they're not going to multiply. 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 b...
It's ingenious and blockchain is important but bitcoin has no unique value at all, it doesn't produce anything. You can stare at it all day and no little bitcoins come our or anything like that. It's a delusion basically.
Cryptocurrencies basically have no value and they don't produce anything. 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...
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.
If you don’t understand it, you get much more excited than if you understand it. You can have anything you want to imagine if you just look at something and say, ‘that’s magic.’
I don't have any Bitcoin. I don't own any cryptocurrency, I never will.
[…] probably rat poison squared.