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Famed value investor and Berkshire Hathaway CEO Warren Buffett has doubled-down on his position that cryptocurrencies are worthless.
“I don’t own any cryptocurrency. I never will,” Warren Buffett tells @BeckyQuick. #AskWarren https://t.co/0VjIDJSi7L pic.twitter.com/il4cT2hWkP
— CNBC (@CNBC) February 24, 2020
In an interview on Monday with CNBC’s Becky Quick on Squawk Box, Buffett shared that he has not changed his dismissive position on digital currencies, saying, “Cryptocurrencies basically have no value and they don’t produce anything. In terms of value: zero.”
Buffett went on to share that he doesn’t own any cryptocurrency and never plans to.
This comes after last month’s lunch with Justin Sun, the CEO of TRON (TRX), who claimed the lunch went very well and that he sent Buffett his first Bitcoin (BTC).
“It was really an honor and I’m grateful for Mr. Buffett’s dinner, wisdom and vision,” Justin Sun said at the time. “I’ll always remember his kindness and support, and will take Mr. Buffett’s advice and guidance to make TRON a better ecosystem, business with all the partners in the blockchain space and beyond.”
The lunch also included Charlie Lee, the founder of the Litecoin Foundation, Huobi CFO Chris Lee, Binance Charity Foundation head Helen Hai and eToro CEO Yoni Assia.