Warren Buffett, the world’s most successful investor, has been a vocal critic of Bitcoin. In a recent interview, he compared Bitcoin to rat poison.
He said that it is “worse than tulip bulbs” and that it isn’t a currency.
These comments have led many to believe that Buffett is not a fan of Bitcoin. However, there are some signs that suggest he may be warming up to the idea of digital currencies.
In October of 2017, Buffett’s Berkshire Hathaway invested $5 million in blockchain startup Ripple. At the time, Ripple was working on a new payment system that used Bitcoin-like technology.
This investment was a departure from Buffett’s usual investing strategy. He typically invests in companies that he understands and believes have a bright future.
The fact that he was willing to invest in a blockchain company suggests that he is open to the idea of digital currencies.
In February of 2018, Buffett’s Berkshire Hathaway invested $600 million in Goldman Sachs. Goldman Sachs is one of the leading investment banks and has been involved in several cryptocurrency projects.
This investment shows that Buffett is willing to invest in companies that are involved in the cryptocurrency space. While he has not invested directly in Bitcoin, this is a sign that he is open to the idea of digital currencies.
It is clear that Warren Buffett is not a fan of Bitcoin.
Only time will tell if he will eventually invest in Bitcoin or other cryptocurrencies.