Warren Buffett, Charlie Munger Not Excited Over Bitcoin

Written by:
Guest
Published on:
Jan/11/2018

Warren Buffett, Berkshire Hathaway chairman and CEO, and Charlie Munger, Berkshire Hathaway vice chairman, share their views on Bitcoin being a bubble.

What would Munger's message to young Millennials be who are so excited about the cryptocurrency craze?

"They're excited because it's going up at the moment and it sounds vaguely modern and I'm sure the computer science involved is difficult and interesting so you can understand why they get excited, but I'm not excited."

Buffet chimed in: "If you are buying something because it went up last week, that is not a (good) reason for buying anything."

Watch more below...


Bookmaker accepts most crypto-currencies

video News

Visa CEO Talks Bitcoin

Visa CEO Talks Bitcoin

Among the topics covered by Visa CEO Alfred Kelly on CNBC: The recent tax cuts, global transactions and, of course, Bitcoin.

Bitcoin Vs. Stocks: Worth The Volatility?

CNBC's Dominic Chu takes a look at the volatility in both equities and cryptocurrencies markets, and which risk scenario could be better for investors.

Patriots Super Bowl 52 Path The 'Easiest Ever'

Since 1990, no team with a bye has ever faced two weaker opponents than New England's pair of Tennessee and Jacksonville, so writes Neile Paine of ESPN.com.

Bitcoin is 'Definitely Not Dead' Despite Losing 50 Percent off All-Time High

Bitcoin is 'Definitely Not Dead' Despite Losing 50 Percent off All-Time High

The world's largest cryptocurrency, Bitcoin, dived as low as $9,199.59 Wednesday morning, according to CoinDesk.  This was around 50% off its all time high of $19,783.21 that occurred only one month ago.

Doug Polk: Tai Lopez Needs to Stop Selling Me His Bitcoin Course

Tai Lopez is famous for hanging out in his garage, showing off Lamborghinis, reading thousands of books, chilling with celebrities, and aggressively marketing his courses on YouTube.

Syndicate