Here’s Warren Buffett’s Investment Tip For Bitcoin

17 Mar 2014 by Jasmine Stone in Economics, Finance

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Bitcoin is an incredibly divisive topic. Should you buy, should you sell? Perhaps you should ask Warren Buffett. Here’s his advice.

Warren says, “Don’t buy!”

“Stay away from it” and “it is a mirage” are a few of his soundbytes on the virtual currency. Buffet sees it as a way of transferring money, an effective way, but as a commodity it carries no more value than a check.

A check is a way of transmitting money too. Are checks worth a lot of money just because they can transmit money?

The idea it has some huge intrinsic value is such a joke.

[ Source : FastCompany , CNBC ]

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