What does Warren Buffett think of Bitcoin and Blockchain?

That Warren Buffett, the popular finance guru, is not a fan of cryptocurrencies is certainly not new. In a recent interview, the same "Oracle of Omaha"Reiterated once again that the Bitcoin is a "real bubble", "a shell".

Warren Buffett and Bitcoin: "did not produce anything"

Warren Buffett seems to have a negative sentiment towards Bitcoin (which is only the first logical application in addition to the new Blockchain technology).

Bitcoin is "a gambling device ... there have been many scams linked. There have been disappearances, therefore, Bitcoin has produced nothing, ”says Buffett.

In the past, Buffett had previously defined him as "rat poison", and the Vice President of Berkshire Charlie Munger had stressed that cryptocurrency trading is "just a dementia".

Warren Buffett: the Blockchain is really promising

However, the Omaha Oracle has recognized that the Blockchain technology on which Bitcoin is based has interesting potential and can be considered a real promise for the investment sector.

Definitely less critical is the position of Buffett on the underlying Bitcoin technology, namely the Blockchain: “Blockchain technology is promising, but does not need Bitcoin"Said the Oracle of Omaha.

Asked if he intended to invest in Blockchain, he answered: "We are apparently only indirectly involved, but no, I am not made to play a leading role in the Blockchain sector".

The secrets of the Oracle of Omaha

Warren Buffett can certainly boast of having understood some profitable investments before all others and some time ago revealed a secret: "You don't have to have the IQ of a genius to be a big investor. All you need is a simple math, you need to know which numbers to look for and get some common sense".
However, Buffett himself has missed the target of technology.
"I was too stupid to realize it. I didn't think Bezos, Amazon's CEO, could be successful on this scale ... We have lost a lot of opportunities and will continue to do so", He admitted.

The 6 in May this year announcing a profit of 21,2 billion dollars in the quarter, surprisingly revealed to invest in Amazon. The quota is not known, but the fact itself is sufficient.

Not surprisingly, the Oracle of Omaha, close to the 88 years, does not prepare itself for now Invest in cryptovalute and still fails to perceive the potential of Bitcoin.

If [the Bitcoin] is a shell, an empty shell, take us to the beach!

Bitcoin's market capitalization is now 101 billions of dollars, has risen from 89 billions in recent weeks. If that is a shell, an empty shell, take us to the beach so we can collect it, there is already someone who answers it.

To confirm this reply would also be the rally which is affecting the Bitcoin that has touched on the last few hours 8.000 $.

Currently, at the time of writing the article, Bitcoin is exchanged at 7.967,24 US dollars and it seems that the race is irrepressible, according to the opinion and supporters of the popular cryptocurrency.

The recent Bitcoin rally seems a mystery, many cryptographic experts believe.