Reported today on TheNextWeb
For the full article visit: https://thenextweb.com/hardfork/2020/02/25/warren-buffett-made-bitcoin-instead-of-jp-morgan-chase-banks-cryptocurrency/
Here’s how much Warren Buffett would’ve made buying Bitcoin instead of JP Morgan
… or how Buffett learned to stop worrying and love the Bitcoin
Warren Buffett is back talking shit about Bitcoin. BTC In a television interview on Monday, the famed investor pledged to never own cryptocurrencies, claiming they “basically have no value.”
“You can’t do anything with it except sell it to somebody else,” Buffett told CNBC. “But then that person’s got the problem.”
The “Omaha Oracle” then inferred criminal activity to be the primary use-case for cryptocurrencies. So, a logical offset to holding Bitcoin would be shorting suitcases – betting that Big Suitcase fails as money launderers opt to move illicit funds with Bitcoin rather than cash in suitcases, because Scorsese movies are documentaries.
[READ: Buffett dumps $800M worth of Apple stock, invests in biotech and groceries]
We thought: What if Buffett’s holding conglomerate Berkshire Hathaway never bought $4 billion worth of JP Morgan shares back in 2018.
What if Buffett bought and held Bitcoin instead?
Warren Buffett and the banks:
source
Discussion about this post