According to Buffett, he does not believe in investing in bitcoin as “it does not produce anything”.
Now if you told me you own all of the bitcoin in the world and you offered it to me for $25 I wouldn’t take it because what would I do with it? I’d have to sell it back to you one way or another.
A section of experts believe the price may breach the $100,000 by next year.
“And there’s no reason in the world why the United States government… is going to let Berkshire money replace theirs,” he added.