Warren Buffett on Cryptocurrencies

“Cryptocurrencies basically have no value, and they don’t produce anything. So you can look at your little ledger item for the next twenty years and it says you have x of this cryptocurrency or that. It doesn’t reproduce, it can’t mail you a check, it can’t do anything. And what you hope is that somebody else comes along and pays you more money for it later on.”

-Warren Buffett in an interview with CNBC

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