Tom Gentile’s Rebuttal to Warren Buffet (Why He’s Wrong about Bitcoin)
This week we heard some significant opinions on cryptocurrency from two of the biggest names in finance - Warren Buffett, arguably the most famous investor in the world, and his right-hand man Charlie Munger.
The Berkshire Hathaway CEO said he isn't buying Bitcoin (BTC) because it's not backed by any real value. Munger even called it foolish and commended China for banning it.
Now, I know that many of my die-hard crypto investors will shrug off Buffet and Munger as two old men out of touch with technology and don't know what they're talking about, and you might be right.
The Berkshire Hathaway CEO said he isn't buying Bitcoin (BTC) because it's not backed by any real value. Munger even called it foolish and commended China for banning it.
Now, I know that many of my die-hard crypto investors will shrug off Buffet and Munger as two old men out of touch with technology and don't know what they're talking about, and you might be right.
