Warren Edward Buffett who is an American businessman, philanthropist, and an investor. He is currently the chairman and CEO of Berkshire Hathaway. He is one of the most successful investors in the world and has a net worth of over $125 billion as of April 2022, making him the world’s fifth-wealthiest person. Warren Buffett, known as the “Oracle of Omaha,” is an , widely considered the most successful investor of the 20th century. He has amassed a personal fortune of more than $60 billion by defying prevailing investment trends.
On Saturday while speaking during the Berkshire Hathaway Annual Shareholder meeting, Buffett rationalized Bitcoin’s lack of tangible value while referencing how sectors like agriculture and real estate have more tangible returns, unlike Bitcoin. He stressed that even if he is offered all the Bitcoin for the cheapest price, he would likely sell it back given the asset’s lack of utility.
Warren Buffett also said ; “Now if you told me you own all of the bitcoin in the world and you offered it to me for $25 I wouldn’t take it because what would I do with it? I’d have to sell it back to you one way or another. It isn’t going to do anything. The apartments are going to produce rent and the farms are going to produce food,”