Bitcoin and Buffet

MSN published an article describing Warrant Buffets point of view on Bitcoin.

Click here for the article -> MSN Article

The article quotes Buffett as saying, “If you buy something like bitcoin or some cryptocurrency, you don’t have anything that is producing anything.”

The question that comes to my mind is couldn’t you say the same thing about many commodities? For example Gold has a value right? Yet it does not “produce” anything. Even a dollar bill has a “value”. I am guessing he does not invest in either of these items either. Not sure that is true, but if it is;that is interesting.

I guess there is a difference between speculating and investing.



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