Despite a recent meeting with Tron Foundation CEO Justin Sun and a number of other cryptocurrency industry representatives, well-known investor and Berkshire Hathaway CEO Warren Buffett remains convinced that digital assets are worthless.
“Cryptocurrencies basically have no value and they don’t produce anything. In terms of value: zero. I don’t have any cryptocurrency and I never will,” he said in an interview with CNBC.
Nothing new there. He is always late to the technology game.
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Nothing new there. He is always late to the technology game.
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Never liked Buffet, but he does have a point. The entire backing of cryptocurrencies are fiat, they only have value because of people's confidence that they possess a value.
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