> Warren Buffett Blog: Warren Buffett not optimistic on Bitcoin

Thursday, September 7, 2017

Warren Buffett not optimistic on Bitcoin


Stay away from it [Bitcoin]. It's a mirage basically. It's a method of transmitting money. It's a very effective way of transmitting money and you can do it anonymously and all that. A check is a way of transmitting money too. Are checks worth a whole lot of money? Just because they can transmit money?

I hope bitcoin becomes a better way to do it. But you can replicate it a bunch of different ways. The idea that it [bitcoin] has some huge intrinsic value is just a joke in my view.