Warren Buffett is not a fan of bitcoin. In fact, he has been quite critical of the cryptocurrency.
In an interview with CNBC in 2018, he called bitcoin “probably rat poison squared.” He has also said that he would never invest in bitcoin because it is not a productive asset.
Buffett’s criticisms of bitcoin are largely based on his investment philosophy, which is focused on investing in productive assets. Bitcoin, as a digital asset with no intrinsic value, does not fit into this philosophy.
Buffett has also said that he believes bitcoin is often used for illegal activities, which could make it subject to government regulation.
Despite his criticisms, Buffett has admitted that he does not fully understand bitcoin. In the same CNBC interview, he said that he didn’t know how to value bitcoin because it isn’t a productive asset.
Given his investment philosophy and lack of understanding of bitcoin, it’s not surprising that Warren Buffett is not a fan of the cryptocurrency.