Warren Buffett 'I don't own any cryptocurrency and I never will'

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01 Nov 2020

Berkshire Hathaway's chairman and CEO Warren Buffett told CNBC's Becky Quick on Monday that he's staying away from cryptocurrencies I don't own any cryptocurrency and I never will he said Cryptocurrencies basically have no value and they don t produce anything he told CNBC s Becky Quick in a Squawk Box interview In terms of value Zero I don t have any cryptocurrency and I never will he added Buffett joined CNBC to discuss the markets just days after he released his annual shareholder letter Buffett has been a long-time critic of the world s largest digital coin He called bitcoin probably rat poison squared ahead of the 2018 Berkshire Hathaway annual shareholder meeting A mirage not a currency and tulips are among the descriptors Buffett has used for bitcoin according to CNBC s Warren Buffett Archive Berkshire Vice Chairman Charlie Munger has called it a turd and said that trading cryptocurrencies is just dementia Last year in an attempt to change Buffett s mind Justin Sun founder of cryptocurrency TRON and CEO of file-sharing company BitTorrent bid 4 6 million in a charity auction to have a meal with the bitcoin skeptic When Justin and four friends came they behaved perfectly and we had a very friendly three and a half hour dinner and the whole thing was a very friendly exchange of ideas Buffett said He added that neither he nor Sun changed their stance on the coin For more Warren Buffett check out Squawk Pod Subscribe on Google Play a https 3A 2F 2Fplay google com 2Fmusic 2Fm 2FImbb7bptxdyljmmabn7svbhzd4m 3Ft 3DSquawk Pod a Subscribe on Apple Podcasts a https 3A 2F 2Fpodcasts apple com 2Fus 2Fpodcast 2Fask-warren-buffett 2Fid1480890290 3Fi 3D1000466545028 a Subscribe on Spotify a https 3A 2F 2Fopen spotify com 2Fshow 2F6zG3vq4UQ0xDRVOs8eGAMi 3Fsi 3DJ39 0ed9RNSOASe5xCQFlA a Listen on Stitcher a https 3A 2F 2Fwww stitcher com 2Fpodcast 2Fcnbc 2Fsquawk-pod 2Fe 2F67565551 a For access to live and exclusive video from CNBC subscribe to CNBC PRO a https 3A 2F 2Fwww cnbc com 2Fpro 2F 3F source 3Dyoutube a Subscribe to CNBC TV a https 3A 2F 2Fcnb cx 2FSubscribeCNBCtelevision a Subscribe to CNBC a https 3A 2F 2Fcnb cx 2FSubscribeCNBC a Subscribe to CNBC Classic a https 3A 2F 2Fcnb cx 2FSubscribeCNBC a classic Turn to CNBC TV for the latest stock market news and analysis From market futures to live price updates CNBC is the leader in business news worldwide Connect with CNBC News Online Get the latest news a http 3A 2F 2Fwww cnbc com 2F a Follow CNBC on LinkedIn a https 3A 2F 2Fcnb cx 2FLinkedInCNBC a Follow CNBC News on Facebook a https 3A 2F 2Fcnb cx 2FLikeCNBC a Follow CNBC News on Twitter a https 3A 2F 2Fcnb cx 2FFollowCNBC a Follow CNBC News on Instagram a https 3A 2F 2Fcnb cx 2FInstagramCNBC a CNBC CNBC TV