Advertisement
AD

Main navigation

Warren Buffett Claims That Blockchain Is Important, Calls Bitcoin ‘Ingenious’

Advertisement
Mon, 25/02/2019 - 16:57
Warren Buffett Claims That Blockchain Is Important, Calls Bitcoin ‘Ingenious’
Cover image via U.Today
Read U.TODAY on
Google News
Advertisement

During a recent interview with CNBC’s Becky Quick, Warren Buffett, the legendary American investor whose net worth currency sits at $82.9 bln, once again weighed in on Bitcoin. Surprisingly enough, Buffett called Bitcoin ‘ingenious,’ but the Oracle of Omaha is still far from becoming a crypto proponent.

Advertisement

Still a Bitcoin hater  

When Buffett was asked about his current stance on Bitcoin, he had some meager words of praise, claiming that Bitcoin is ‘ingenious.’ Make no mistake — he still hates Bitcoin. Buffett lashed out with criticism at the number one cryptocurrency, claiming that it ‘has no unique value,’ and ‘it attracts charlatans.’

card  

Blockchain over Bitcoin

However, Blockchain, the technology that underpins Bitcoin, is important, according to Buffett. He further mentioned that ‘Blockchain doesn’t depend on Bitcoin.’ Hence, the third richest person in the world pushes the ‘Blockchain over Bitcoin’ narrative that is currently prevalent in the crypto space.

Notably, Buffett also mentioned JPMorgan’s JPM Coin, which is pegged to the US dollar.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD