One of the world's wealthiest people is Warren Buffet, the CEO of the largest and richest holding company in the world. You would think his financial advice would appeal to a lot of people, but his latest comments on cryptocurrencies aren't likely to inspire much love among its fans.
Warren was painted as anti-Bitcoin in a new CNBC interview. Even if it was offered to him for nothing, the investor wouldn't invest in it.
If you told me you owned all of the world's bitcoins, I wouldn't take it, because what would I do with it? It isn't going to do anything. The farms are going to produce food and the apartments are going to produce rent.
Warren has been outspoken about his dislike for Bitcoin in the past, but that doesn't seem to be stopping NFT and users from pouring their hard-earned cash into an asset class with an uncertain future.
The latest remarks from Buffett don't match up with his investment history. He invested $500 million of his money into a bank in June of 2021.
Why aren't other investors paying attention to the fact that a lot of money is thrown at an investment with the remotest chance of backfiring?
The new drop was so popular that it crashed the entire token.
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