The 87-year-old American billionaire, considered one of the most savvy investors, would be willing to bet in the long term on the decline of bitcoin and all virtual currencies. Long kept away from technological values, the second richest man in the world recognizes however that he knows nothing in cryptocurrency.
From Nabilla to Jamie Dimon, the CEO of JP Morgan Bank, who does not have his opinion on bitcoin? One of the most respected voices on Wall Street has just delivered his: Warren Buffett, the second richest man in the world according to the Forbes ranking, does not have any and does not intend to buy , convinced of a not very bright future for virtual currencies. Asked about the CNBC channel, the 87-year-old billionaire, whose fortune is estimated at more than 87 billion dollars, has confided his mistrust:
"I can say with some certainty that cryptocurrencies in general will end badly," he said.
The so-called "oracle of Omaha", his home town of Nebraska, considered one of the most savvy investors and still in command of the Berkshire Hathaway conglomerate ($ 500 billion in capitalization, the sixth of Wall Street), would even be ready to "buy a long-term put, at age 5, on each cryptocurrency", a derivative product to bet on their decline.
Little versed in technology
Warren Buffett, a fan of traditional values, has been slow to take an interest in technology: today he is a major shareholder in Apple (more than 2.5% of the capital), although he still uses a flapper, despite the efforts of Tim Cook to make him adopt the iPhone. The octogenarian also recognizes that he "knows nothing" cryptocurrency and therefore sees no reason to invest.
Among its major holdings are many large financial companies, Bank of America, Bank of New York Mellon, Goldman Sachs, US Bancorp and Wells Fargo. While several bankers have publicly voiced their distrust of virtual currencies, like JP Morgan's Jamie Dimon, even though he has retracted his most vivid remarks (he called bitcoin a "scam"). ), Goldman Sachs is preparing to open a bitcoin trading desk.
Silicon Valley investor Peter Thiel, one of the co-founders of PayPal, a shareholder of the first hour of Facebook, with strongly libertarian views, has however made a big bet on cryptocurrencies and he would have for hundreds of millions of dollars .