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In 2018, billionaire investment guru Warren Buffett said his Berkshire Hathaway firm “will never have a position” in cryptocurrency.
According to a new study from GOBankingRates, most Americans who don’t invest in crypto are sitting on the sideline because they don’t understand it.
In a testament to the Oracle’s continued clout, Forbes reported that Bitcoin and Ethereum dropped about 5% in the wake of Buffett’s statements at the shareholder meeting, and that the former was at least in part attributable to the latter.
About one in five of the respondents to the GOBankingRates study who don’t invest in crypto avoid it because they don’t believe it has a future.
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