Warren Buffett recently said that he does not own any cryptocurrency, but Tron (TRX) founder Justin Sun begs to differ. Speaking to CNBC reporter Becky Quick on Feb. 24, billionaire Buffett said that he does not own crypto and derided its supposed lack of purpose: “I don't own any cryptocurrency.
However that may be, what did Warren Buffett say about Bitcoin?
Warren Buffett dismissed bitcoin and other cryptocurrencies as worthless in a CNBC interview on Monday. "Cryptocurrencies basically have no value," Buffett said. "They don't produce anything." "You can't do anything with it except sell it to somebody else," he added.
Apart from that, what does Bill Gates say about Bitcoin? Microsoft co-founder Bill Gates said Monday he would bet against bitcoin if he could. “As an asset class, you're not producing anything and so you shouldn't expect it to go up. It's kind of a pure 'greater fool theory' type of investment,” Gates said on CNBC's “Squawk Box.”
In no way, what is the Warren Buffett Rule?
The Buffett Rule proposed a 30% minimum tax on people making more than $1 million a year. It was part of President Barack Obama's 2011 tax proposal. It was named after Warren Buffett, who criticized a tax system that allowed him to pay a lower tax rate than his secretary.
Is Bitcoin worthless now?
Despite this growth, Bitcoin's detractors have long argued that it's only a matter of time before it collapses back to zero; former Bitcoin Cash proponent Calvin Ayre recently stated that Bitcoin is worthless, while American business tycoon Warren Buffett has frequently lambasted Bitcoin, and recently told CNBC that ...