Warren Buffett aversion to Bitcoin BTC / USD And cryptocurrencies are well known, and the legendary investor has not made any direct investment in the asset class so far.
What happened: Buffett has won the infamy in cryptocurrency circles when he described Bitcoin as “probably a rascal poison in the square” during the Berkshire Hathaway annual Hathaway shareholder Meeting in 2018. He even prophesied that they would meet a “bad end”.
However, Omaha’s Oracle “is not the only Titan of Wall Street skeptical on digital assets.
Howard brands: The co-founder of Oaktree Capital Management estimated that Bitcoin lacks intrinsic value And is far from being a safe investment option in the environment of the current market.
John Paulson: A billionaire hedge fund manager who founded Paulson & Co., Inc., Paulson described cryptocurrencies as a Bubble without value.
The investor runs at risk of renowned
Peter Lynch: The former manager of extremely successful Magellan Fund at Loyalty investments avoided the investments of cryptocurrencies. During a CNBC interview, the legendary stock selector said he had “No idea” Regarding cryptocurrencies, but admitted that it understood blockchains, the technology that feeds bitcoin.
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Although these notable personalities have not yet found any imperious reason to invest in cryptocurrencies, some others have seen their point of view soften over the years.
Ray Daliofounder of Bridgewater partnerscriticized the practicality of Bitcoin as currency or reserve of value in 2017.
Quick advance until 2025, the billionaire investor revealed that he had bitcoin And recognized its potential as an investment.
Action: At the time of writing this document, Bitcoin exchanged hands at $ 87,886.45, up 1.40% in the last 24 hours, according to Benzinga Pro data. In particular, the asset has increased by 1,233% in the last five years and 35 604% in the last ten.
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