Why Warren Buffett Will Never Invest in Bitcoin

By Aahil

October 08, 2022

Finance

Buffett has become one of the richest people in the world, he has a strong opinion on investing.

Buffett has twisted his rule opposed to purchasing tech stocks and he never invests in Bitcoin.

Buffett endeavors to find the intrinsic value of an asset and buy it if it is priced for less than that value.

Bitcoin is the conflict of these assets as it has no real utility at the moment, and its value materializes based mostly on hype.

Bitcoin has received the most friction in parts of the world where domestic currencies have been undependable.

Supply of Bitcoin is mathematically restricted, Bitcoiners believe it is a more reliable form of currency.

The U.S. dollar is the reserve currency of the world, and leaders of industry, like Buffett, have a huge spike in its stability.

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