Bitcoin and other cryptocurrencies? Warren Buffett will never own it

The billionaire and investor Warren Buffett remains categorical with regard to crypto-currencies : no question for him to invest in these assets. He affirms it bluntly: cryptocurrency has no value and he will never acquire it.

In early February, several figures from the cryptocurrency industry attended a charity meal organized by the legendary investor and notoriously anti-crypto Warren Buffett. This meeting was not enough to bend the founder of Berkshire Hathaway.

Questioned by CNBC, the CEO of the investment company, was inflexible, recalling his aversion to crypto-currencies, whether it’s the Bitcoin or another similar crypto asset: "Cryptocurrencies have basically no value and do nothing. "

Cryptocurrency in his wallet? Never !

And Warren Buffett hit the nail on the head during the interview. According to him, these digital assets are equivalent in terms of value to "zero". It is therefore out of the question for the billionaire, who nonetheless grants interest in their underlying technology (blockchain), from developing his investments in this direction.

I do not have cryptocurrency and I’ll never have one, "he said.

Even if the founder of Tron, Justin Sun, took advantage of his meeting with Buffett to offer him his first bitcoin. It will certainly take a lot more to convince him to reconsider his position with regard to cryptocurrencies.

When Justin and four friends came, they behaved perfectly and we had a very friendly 3.5 hour dinner and it was a very friendly exchange of ideas, "summarizes Buffett about the interview.

Institutional investors, on the other hand, less cautious

The billionaire takes care to add that neither he nor Sun have revised their judgment regarding the Bitcoin at the end of this meeting. But if Buffett chooses to keep his distance, other investors will go the other way.

In its Perspective 2020 report, JP Morgan believes that the participation of institutional investors in the cryptocurrency market is "now important." "The bank recognizes, however, that the volatility remains a “major obstacle to wider adoption. "