“Whether goes up or down in the next year, or five or 10 years, I don’t know,” said Buffett, explaining his long dislike of bitcoin due to it not producing anything tangible—unlike businesses or property.
The bitcoin and crypto community has responded to Buffett’s bitcoin criticism with hatred of its own.
Meanwhile, Musk has continued to signal his support for bitcoin challenger dogecoin, a tongue-in-cheek, meme-based cryptocurrency that rocketed up the crypto charts last year thanks to support from Musk and other big-name investors.
If anyone contests a post and humans confirm it’s spam, they get the spammer’s doge.
The dogecoin price has rallied somewhat over the last month, climbing off recent lows thanks to Musk’s successful move to take Twitter private.