What does Warren Buffett think of Cryptocurrency?

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What does Warren Buffett say about cryptocurrency?

Buffett told CNBC that it will never work as a currency. “It is not a durable means of exchange, it’s not a store of value,” he said. It is an understandable perspective. Indeed, one of the reasons Bitcoin has spawned so many other cryptocurrencies is that it isn’t a great digital currency.

How much Bitcoin does Warren Buffett Own?

Top Warren Buffett Stocks

Company Symbol Stock 5-year % ch.
Store Capital (STOR) 33.9%
American Express (AXP) 146.0%
Apple (AAPL) 429.5%
Grayscale Bitcoin Trust (BTC)* (GBTC) 4,684.8%

Will Elon Musk buy dogecoin?

Bengaluru: Elon Musk, chief executive officer of Tesla Inc. and a supporter of cryptocurrency, said on Thursday he has not and will not sell any of his dogecoin holdings. … His tweets on dogecoin have turned the once-obscure digital currency into a speculator’s dream.

Does Elon Musk invest in cryptocurrency?

Musk acknowledges that he has invested in three cryptocurrencies, Bitcoin, Ethereum, and Dogecoin. On Sunday, Elon Musk helped Shiba Inu vault up the ranks of the largest cryptocurrencies by market value by tweeting a photo of his puppy. Now the meme token is down after he said he doesn’t own any.

Does Bill Gates own any crypto?

Microsoft founder Bill Gates has not invested in Bitcoin, he said in a live chat on the social network Clubhouse. Mr Gates told host Andrew Sorkin that he preferred to invest in companies “that make products”, citing malaria and measles vaccines as examples.

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Why is Cryptocurrency bad?

There’s a potential for fraud and theft

While some cryptocurrencies are legitimate, there is also the potential for fraud and theft. … It’s bad enough that the Securities and Exchange Commission issued an investor alert about fraud surrounding cryptos.

Can banks track Bitcoin?

That’s because the same properties that make cryptocurrencies attractive to cybercriminals — the ability to transfer money instantaneously without a bank’s permission — can be leveraged by law enforcement to track and seize criminals’ funds at the speed of the internet. Bitcoin is also traceable.