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    Warren Buffett on bitcoin and crypto: We’ve had an explosion of gambling



    Warren Buffett, Berkshire Hathaway CEO, joins CNBC’s “Squawk Box” to discuss his thoughts on crypto and the staying power of bitcoin. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi 

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    View 36 Comments

    36 Comments

    1. Regular Bob on

      Warren is extremely insightful and an amazing investor. But his inability to see the power of bitcoin is astonishing. We must remember that he also did not invest in Microsoft…and Bill Gates is his very good friend🤦🏻🤷🙈

    11. Rowan Wood on

      THE ONE THING CRYPTO SKEPTICS HAVE IN COMMON IS THAT NONE OF THEM HAVE STUDIED IT DEEPLY.
      DEAR OLD BUFFET, THE SPIRITUAL LEADER OF WORLD OF FINANCE HAS NO CLUE WHAT BITCOIN IS OR THE MANY DOZENS OF DIFFERENT CLASSES AND USES OF CRYPTO.
      COGNITIVE FLEXIBILITY IS IMPORTANT. BUFFET HAS ZERO COGNITIVE FLEXIBILITY WHEN IT COMES TO CRYPTO AND PROBABLY ANY NEW KIND OF FINANCIAL TECHNOLOGY.

    13. Rof on

      Amazing to me that people don't understand that decentralised ledgers are a technology that's superior to bookkeeping.

    17. M Berrouz on

      Hey Old greedy man! Go retire and enjoy the few years left for you and leave the young people build wealth in this amazing new technology. Enough greed Sir. We don’t need old farts like you to tell us what Bitcoin is

    24. Buttons on

      So many crypto enthusiast gamblers in the comments. Stop trying to draw analogies between Bitcoin and innovative, productive businesses like Google, Apple or Microsoft. He did not say Bitcoin is inherently a gambling instrument any more than Tulips would have been in the 1630s. Unfortunately, that's exactly what it has become & is now used primarily for speculative wealth rather than as a currency (perhaps an inevitability given the hard supply limit). The analogy Buffett makes to point shaving a rigged game is keenly astute & apropos. Once the majority of Bitcoin trading volume (now upwards of 90% according to Bitwise) was centralized into opaque, unregulated exchanges like Binance, that's exactly what Bitcoin speculation has become.

    29. Barry Allen on

      With the amount of crypto bros here I can confidently say the "everything bubble" hasn't popped yet.
      —
      Also interesting that anyone who made money speculating on bitcoin and doggy coin would come here acting like the genius they are, and the other 99% who lost money wouldn't own up to it. Meanwhile Warren Buffett is worth 100+ billion, his fund returned 19.5% compounded to the shareholders over the last 50 odd years, and has donated over 40B. But sure, he is the one who cannot tell the difference between investing and gambling.

    30. J Orlando on

      We don't need Warren buffet to buy bitcoin. He doesn't understand bitcoin. Isn't he 99yrs old. Why are we even asking him about bitcoin.

    33. MF on

      Bitcoin is the only form of property that no person or government can forcefully take away from you. How is that gambling or rat poison?

    34. Matt Thompson on

      He's obviously a brilliant man, but he's wrong about BTC and cryptos that actually have real utility. Blockchain will play its part in the future economy.

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