Warren Buffett: Bitcoin Is An Asset That Creates Nothing | CNBC

submitted by trident765 from youtu.be

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[–]beece 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Yes, much like gold. Has no value.

[–]fschmidt 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Not like gold because there aren't other precious metals with the properties of gold, while there are other cryptos with the properties of Bitcoin. As a non-productive asset, gold just holds its value. Productive assets like stocks increase in value. Bitcoin will go to zero when the bubble pops.

[–]hennaojichan 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (2 children)

Its value, to you, depends on when you sell it and that time is now in my opinion. Buffet loves Coca-Cola stock and what does that create?

[–]trident765[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

A coke factory

[–]hennaojichan 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

That sounds good.