On April 30, at this year’s shareholders’ meeting of Berkshire Hathaway, Warren Buffett, the stock god, continued to fire bitcoin under the questions of investors. He said he was not even willing to spend $25 on all bitcoin in the world.

At this shareholders’ meeting, Buffett more specifically explained his negative views on bitcoin.

Buffett explained that bitcoin is not a productive asset and will not produce anything tangible. Although the public’s view of this cryptocurrency has changed, he himself insists on not buying it.

Buffett said: “If you say that our group needs to pay US $25 billion for 1% of all farmland in the United States, I will write you a check this afternoon. For us $25 billion, I can own 1% of farmland. If you want to sell me 1% of apartments in the United States for us $25 billion, I am still willing to write you a check, which is very simple. Now, if you tell me that you own all bitcoin in the world and are willing to pay US $25 I won’t accept it because I don’t know what I can do with it. Anyway, I have to sell it back to you because it’s useless. While apartments can generate rent, farms can produce food. “

“I don’t know whether the price of bitcoin will rise or fall in the next year, five years or ten years. But one thing I’m sure is that it won’t produce anything substantive. It has a magic, and many people will be obsessed with it,” Buffett said

Munger, Buffett’s longtime business partner, spoke more harshly about bitcoin.

“In my life, I try to avoid stupid and evil things that make me look bad compared to others,” Munger said. “Bitcoin has achieved these three aspects.”

The billionaire investor explained that holding bitcoin was “stupid” because he expected the price of bitcoin to eventually return to zero, and “evil” because it undermined the integrity and stability of the U.S. financial system and made the United States “look stupid”, but China wisely banned it.

Buffett previously denounced bitcoin as a “potent rat poison” and described it as an illusion of worthlessness. At the same time, Munger compared cryptocurrency with sexually transmitted diseases, called on the United States to ban it, and regretted the large amount of speculation behind its price rise in recent years.

However, at the shareholders’ meeting of Berkshire Hathaway in recent years, as more and more investors pay attention to bitcoin, Buffett and his partner Charlie Munger began to answer bitcoin related questions frequently.

Goldman Sachs, fidelity, BlackRock and other Wall Street financial institutions have provided their customers with cryptocurrency related exposure.

On April 30, at this year’s shareholders’ meeting of Berkshire Hathaway, Warren Buffett, the stock god, continued to fire bitcoin under the questions of investors. He said he was not even willing to spend $25 on all bitcoin in the world.

At this shareholders’ meeting, Buffett more specifically explained his negative views on bitcoin.

Buffett explained that bitcoin is not a productive asset and will not produce anything tangible. Although the public’s view of this cryptocurrency has changed, he himself insists on not buying it.

Buffett said: “If you say that our group needs to pay US $25 billion for 1% of all farmland in the United States, I will write you a check this afternoon. For us $25 billion, I can own 1% of farmland. If you want to sell me 1% of apartments in the United States for us $25 billion, I am still willing to write you a check, which is very simple. Now, if you tell me that you own all bitcoin in the world and are willing to pay US $25 I won’t accept it because I don’t know what I can do with it. Anyway, I have to sell it back to you because it’s useless. While apartments can generate rent, farms can produce food. “

“I don’t know whether the price of bitcoin will rise or fall in the next year, five years or ten years. But one thing I’m sure is that it won’t produce anything substantive. It has a magic, and many people will be obsessed with it,” Buffett said

Munger, Buffett’s longtime business partner, spoke more harshly about bitcoin.

“In my life, I try to avoid stupid and evil things that make me look bad compared to others,” Munger said. “Bitcoin has achieved these three aspects.”

The billionaire investor explained that holding bitcoin was “stupid” because he expected the price of bitcoin to eventually return to zero, and “evil” because it undermined the integrity and stability of the U.S. financial system and made the United States “look stupid”, but China wisely banned it.

Buffett previously denounced bitcoin as a “potent rat poison” and described it as an illusion of worthlessness. At the same time, Munger compared cryptocurrency with sexually transmitted diseases, called on the United States to ban it, and regretted the large amount of speculation behind its price rise in recent years.

However, at the shareholders’ meeting of Berkshire Hathaway in recent years, as more and more investors pay attention to bitcoin, Buffett and his partner Charlie Munger began to answer bitcoin related questions frequently.

Goldman Sachs, fidelity, BlackRock and other Wall Street financial institutions have provided their customers with cryptocurrency related exposure.