Today, I want to tell you a rather dramatic story. I remember that Warren Buffett had publicly disparaged Bitcoin, even comparing it to "rat poison" and believing it to be worthless. However, there have been recent rumors that he secretly invested in Bitcoin, which is really hilarious!
Looking back, when Bitcoin soared from worthless to more than $100, Buffett made a strong criticism of Bitcoin, disparaging it as "rat poison." But as time went on, the value of Bitcoin soared from more than $100 to a staggering $9,000. When the reporter asked him again about his views on Bitcoin, Buffett still insisted on his position, but jokingly called it "rat poison squared," which undoubtedly added a bit of humor.
At Buffett's shareholders' meeting, he reiterated his negative views on Bitcoin, believing that the prospects for cryptocurrencies are worrying because they do not generate any asset-related value. However, similar to Bitcoin, Buffett's attitude towards gold has always been to stay away. He believes that gold, as a non-productive asset, has neither "production capacity" nor can it generate more value. In contrast, Buffett prefers to invest in assets that can generate real value, such as oil fields, factories and stocks.
However, this year, the price of Bitcoin soared to an all-time high of $75,830, which undoubtedly made Buffett, the stock god, sit still. Recently, rumors have been circulating that he secretly invested in Bitcoin, which is undoubtedly a huge slap in the face of his previous remarks. It seems that in this world of cryptocurrency full of variables, even the stock god Buffett can hardly resist the temptation!
