Berkshire hathaway cryptocurrency

berkshire hathaway cryptocurrency

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Charlie Munger on crypto: It's ridiculous anybody would buy this 'massively stupid' stuff
Bitcoin is on the rise again. Here's why Warren Buffett remains a crypto hater. Published Sun, Oct 22 Warren Buffett doesn't see much value in Bitcoin, despite its recent price rise. The Berkshire Hathaway boss sympathizes, however. The $1, investment would be worth $4, today based on a price of $41, for Bitcoin at the time of writing. This represents a return.
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Here's why. That puts it in a favorable position given the shortage of homes across America. Buffett, who once famously called bitcoin "probably rat poison squared," has compared the bitcoin phenomenon to the tulip bulb mania in the Netherlands in the early s. Munger studied mathematics before dropping out of the University of Michigan and later joining the US army air corps.