Warren Buffett, the renowned investor and chairman of Berkshire Hathaway Inc., has been steadfast in his skepticism toward cryptocurrencies, particularly Bitcoin. At Berkshire Hathaway’s annual shareholder meeting in 2018, Buffett famously referred to Bitcoin as “probably rat poison squared,” indicating his belief that it lacks inherent value.
Buffett’s skepticism extends to the broader cryptocurrency market, with his long-time collaborator and Berkshire Hathaway’s vice chairman, Charlie Munger, criticizing cryptocurrency trading as “just dementia.” Buffett has consistently warned of a grim outcome for cryptocurrencies, stating, “I can say with almost certainty that they will come to a bad ending.”
Despite the growing acceptance of Bitcoin in traditional finance circles, Buffett’s stance remains unchanged. At the 2022 Berkshire Hathaway annual shareholder meeting, he reiterated his position, stating that even if offered all the Bitcoin in the world for $25, he would decline the offer as it would serve no purpose in his investment strategy.
Buffett’s investment philosophy favors tangible assets that generate value, such as farmland. He believes that investing in farmland directly contributes to food production, a fundamental sector of the economy. Buffett once remarked that he would pay $25 billion for a 1% interest in all the farmland in the United States, highlighting his preference for investments with tangible value.
Despite his success in various investment ventures, including farmland, Buffett remains wary of cryptocurrencies, viewing them as speculative assets lacking intrinsic value. For investors looking to emulate Buffett’s investment strategy, platforms like Arrived Homes offer accessible entry points into real estate investment, allowing individuals to invest in single-family rental properties for as little as $100.