{"id":440537,"date":"2022-05-02T06:53:52","date_gmt":"2022-05-02T03:53:52","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/buffett-back-bashing-bitcoin-claims-it-doesnt-produce-anything\/"},"modified":"2022-05-02T06:53:52","modified_gmt":"2022-05-02T03:53:52","slug":"buffett-back-bashing-bitcoin-claims-it-doesnt-produce-anything","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/buffett-back-bashing-bitcoin-claims-it-doesnt-produce-anything\/","title":{"rendered":"# Buffett back bashing Bitcoin, claims it &#8216;doesn&#8217;t produce anything&#8217;"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a26b7263d7be\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a26b7263d7be\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/buffett-back-bashing-bitcoin-claims-it-doesnt-produce-anything\/#%E2%80%9D_Buffett_back_bashing_Bitcoin_claims_it_%E2%80%98doesnt_produce_anything_%E2%80%9C\" >&#8221; Buffett back bashing Bitcoin, claims it &#8216;doesn&#8217;t produce anything&#8217;  &#8220;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/buffett-back-bashing-bitcoin-claims-it-doesnt-produce-anything\/#Jamie_Dimon_pays_crypto_a_small_compliment\" >Jamie Dimon pays crypto a small compliment<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Buffett_back_bashing_Bitcoin_claims_it_%E2%80%98doesnt_produce_anything_%E2%80%9C\"><\/span>&#8221; Buffett back bashing Bitcoin, claims it &#8216;doesn&#8217;t produce anything&#8217;  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvZWI0MzQxZTYtMzlmZi00NTQwLWIwMjAtNjU2YzQ4ODA2MTA2LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Billionaire investor Warren Buffett has once again slammed Bitcoin, asserting he \u201cwouldn\u2019t take\u201d all of the BTC in the world for just $25.<\/p>\n<p>The 91-year-old, with a net worth of around $124 billion, is an avid crypto skeptic  that once called Bitcoin &#8220;rat poison squared.&#8221; His arguments often stem  around digital assets offering no tangible value, and the community has  been quick to highlight on this occasion that there is a myriad of use cases and utility in crypto that Buffett likely hasn\u2019t researched.<\/p>\n<p>Speaking at the Berkshire Hathaway Annual Shareholder meeting on April 30, Buffett <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2022\/04\/30\/warren-buffett-gives-his-most-expansive-explanation-for-why-he-doesnt-believe-in-bitcoin.html\">commented<\/a> on crypto in relation to the growing mainstream adoption of the sector. He noted that while he has no idea if the value of BTC will increase moving forward, he is sure that \u201cit doesn\u2019t produce anything.\u201d<\/p>\n<p>Buffett argued that he would h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ily write \u201ca check this afternoon\u201d worth $25 billion for 1% of all the farmland or \u201capartment houses\u201d in the U.S. as they both produce real-world utility, but wouldn\u2019t even spend $25 for 100% of the supply of Bitcoin: <\/p>\n<blockquote><p>\u201cNow if you told me you own all of the Bitcoin in the world and you offered it to me for $25 I wouldn\u2019t take it because what would I do with it? I\u2019d have to sell it back to you one way or another. It isn\u2019t going to do anything. The apartments are going to produce rent and the farms are going to produce food.\u201d<\/p><\/blockquote>\n<p>\u201cAssets, to have value, have to deliver something to somebody. And there\u2019s only one currency that\u2019s accepted,\u201d he added. <\/p>\n<p>Well-known crypto proponents were mocking Buffett\u2019s comments on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> over the weekend.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">warren buffett thinking crypto is worth zero is funny bc he has literally no idea that ethereum just had a customer pay $150M to use the software for 2 hours.<\/p>\n<p>\u2014  \u039e  (@scott_lew_is) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/scott_lew_is\/status\/1520810125690171393?ref_src=twsrc%5Etfw\">May 1, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Co-founder of top crypto venture capital firm Andreessen Horowitz (a16z) Marc Andreessen noted that \u201cit\u2019s so wild he says this stuff while nakedly shilling diabetes,\u201d in reference to an ensemble of See\u2019s Candies boxes and soda cans on Buffett\u2019s desk during the speech. <\/p>\n<p>In response, Tesla CEO and Twitter owner Elon Musk said \u201chaha he says \u2018Bitcoin\u2019 so many times.\u201d While MicroStrategy CEO Michael Saylor chimed in that \u201ceveryone can\u2019t stop talking about Bitcoin.\u201d <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Haha he says \u201cBitcoin\u201d so many times<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/elonmusk\/status\/1520657179908448258?ref_src=twsrc%5Etfw\">May 1, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Top 5 cryptocurrencies to watch this week: BTC, LUNA, NEAR, VET, GMT<\/em><\/strong><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Jamie_Dimon_pays_crypto_a_small_compliment\"><\/span>Jamie Dimon pays crypto a small compliment<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>One crypto skeptic that is at least softening their stance a little, is JPMorgan CEO, Jamie Dimon. <\/p>\n<p>The banker once described Bitcoin as \u201cfraud\u201d and has continuously reiterated that he has no interest in backing the sector on a personal level, despite JP Morgan warming up to digital assets significantly over the past couple of years. <\/p>\n<p>Speaking with Omaha-based <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> outlet KMTV 3 on Friday, Dimon <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.3newsnow.com\/news\/local-news\/exclusive-jamie-dimon-ceo-chairman-of-jp-morgan-chase-sits-down-with-3-news-now\">noted<\/a> that while he still doesn\u2019t particularly like crypto and urges caution when investing in it, he will \u201cdefend your right to do it.\u201d <\/p>\n<p>He also went on to highlight that crypto does serve important use cases at times, especially in regards to cross-border payments: <\/p>\n<blockquote><p>\u201cNot all of it is bad. If you said to me \u2018I want to send $200 to a friend in a foreign country,\u2019 that could take you two weeks and cost you $40. You could do it through a digital currency and it\u2019ll take you seconds.\u201d<\/p><\/blockquote>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/buffett-back-bashing-bitcoin-claims-it-doesn-t-produce-anything\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Buffett back bashing Bitcoin, claims it &#8216;doesn&#8217;t produce anything&#8217; &#8220; Billionaire investor Warren Buffett has once again slammed Bitcoin, asserting he \u201cwouldn\u2019t take\u201d all of the BTC in the world for just $25. The 91-year-old, with a net worth of around $124 billion, is an avid crypto skeptic that once called Bitcoin &#8220;rat poison&#8230;<\/p>\n","protected":false},"author":1,"featured_media":440538,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvZWI0MzQxZTYtMzlmZi00NTQwLWIwMjAtNjU2YzQ4ODA2MTA2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,71226,70360,70760],"class_list":["post-440537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-real-estate","tag-wall-street","tag-warren-buffett"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/440537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=440537"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/440537\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/440538"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=440537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=440537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=440537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}