Warren Buffett: Bitcoin Is An Asset That Creates Nothing | CNBC
submitted 3 years ago by trident765 from (youtu.be)
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[–]beece 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 3 years ago (1 child)
Yes, much like gold. Has no value.
[–]fschmidt 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 3 years ago (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.
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[–]beece 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (1 child)
[–]fschmidt 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)