Buffett says he wouldn’t buy ‘all the bitcoin in the world’ for $25

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Billionaire investor Warren Buffett has again criticized cryptocurrency Bitcoin, saying he wouldn’t buy all of it for $25.

Coinbase chief executive Brian Armstrong, meanwhile, said that within a decade, 1 billion people will have used or tried crypto, up from about 200 million currently.

His comments come at a time of turbulence in crypto markets. After hitting an all-time high of almost $69,000 in November, Bitcoin has been falling in value. The world’s biggest cryptocurrency is down about 17% since the beginning of the year, Bloomberg reported. At the same time, “it’s been harder and harder to meet a true crypto sceptic in DC,” Armstrong said, adding that about 50% or more people in Washington are pro-crypto now.

 

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No Millennial gives a damn what buffet thinks. Boomers can't understand blockchain or decentralisation. They've been brought up on fiat, the very system that made them rich. And bitcoin threatens that.🤷

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