Re:Gates, Buffett: Bet Against Bitcoin, Cryptocurrency
by jmcqk6 on Thursday May 31, 2018 @11:57AM
(#17197283)
I don't think Buffett was comparing bitcoin to gold. He doesn't like gold investments for the same reason - it's not productive. He's talked about that a lot in the past.
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Re:Gates, Buffett: Bet Against Bitcoin, Cryptocurrency
by eej71 on Thursday May 31, 2018 @12:15PM
(#17197475)
This article has a good quote from Warren that likely better captures his view on gold.
http://www.businessinsider.com/warren-buffett-compares-stock...
Re:Gates, Buffett: Bet Against Bitcoin, Cryptocurrency
by mediocrejoker on Thursday May 31, 2018 @12:04PM
(#17197359)
The article implies he was dong just that. It's right there in the quote. Am I misunderstanding what you're saying?
Re:Gates, Buffett: Bet Against Bitcoin, Cryptocurrency
by takeda on Thursday May 31, 2018 @12:08PM
(#17197408)
The quote:
> "The asset itself is creating nothing," said Buffett, comparing bitcoin to "productive" assets such as gold or a farm.
That actually wasn't the quote, the remark about gold and farm was made by the article's author.
Edit: here[1] is the actual quote and video