This could be the reason why Berkshire Hathaway never bought shares of Microsoft.
BTC is a digital coin that has no physical form, no regulation, is prone to scams, and changes the power play from banks to those who have the digital coin.
Just like when Berkshire Hathaway invested in Snowflake’s initial public offering , media reports read the Buffett had invested in cloud tech and earned some billions from its purchase.
In February, when Tesla disclosed its BTC exposure, Bill Gates cautioned the public to avoid Elon Musk’s crypto path.
You may argue that Microsoft accepts BTC as payment, but its founder is against the digital currency.
What makes Bill Gates anti-crypto is the anonymity of crypto transactions that are irreversible and lack regulatory compliance.
If you see his comments on gold and BTC, they are similar, as BTC is digital gold.
It’s like a seashell or something, and that is not an investment to me.” For gold, he said, “it gets dug out of the ground in Africa, or someplace.
Buffett likes business, something that has utility, and you can predict the growth with revenue, earnings, and future demand.
The way you look at alternative investments is with a long term horizon where your money is secure and probably gives you a regular income.
Although Buffett despises gold as an investment, Berkshire bought Barrick Gold stock to enjoy the dividends it gives.
If you want to diversify into an alternative investment, consider buying stocks of Hive Blockchain Technologies .
Hive’s main cost is the high-performance computing hardware, electricity, and cooling used to operate the mining data centres.
The online investing service they’ve run since 2013, Motley Fool Stock Advisor Canada, has beaten the stock market by over 3X.
Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool’s board of directors.
5 Years From Now, You’ll Probably Wish You’d Grabbed These Stocks…Click here now for your free subscription to Take Stock, The Motley Fool Canada’s free investing newsletter.
The four black and white designs show Prince Philip, who died last month aged 99, at different stages of his life.
Spending on British credit and debit cards in the week to May 6 was 106% of its February 2020 level, up from 99% a week earlier as consumers spent more on travel, eating out and other activities that are being freed up from coronavirus rules.
According to the United Nations, in 2020, the global population of person aged 65 years and older was estimated to be 727 million and this number is projected to nearly double to over 1.5 billion in 2050.
The CMA today published an open letter “to remind firms of their legal obligations and the need to ensure refund options are clear and accessible” this summer, with travel still subject to restrictions and potential last minute changes.