<p>Legendary investor Warren Buffett championed cash over “new forms of money” and said Berkshire Hathaway would “always have a lot of cash on hand,” as <a href="https://www.cnbc.com/2022/04/30/berkshire-hathaway-annual-meeting-live-updates.html">CNBC</a>, <a href="https://www.cnbc.com/2022/04/30/berkshire-hathaway-annual-meeting-live-updates.html">CNN</a> and others published live updates of him addressing the company's annual shareholder meeting today in Omaha, Nebraska.</p> <p>Buffett, 91, didn’t specify bitcoin or other cryptocurrencies, though in the past he has said it has no unique value.</p> <p>“The United States government affects that this became exchangeable for lawful money in the United States,” Buffett said, displaying an image of a $20 bill.</p> <p>“That’s what money is,” he added. “It may turn out that it becomes worth dramatically less at purchasing power. … But that when people tell you that they’re reaching [for] new forms of money, this is the only thing that will pay bills.”</p> <p>Tron founder and CEO Justin Sun had dinner with Buffett in Omaha in 2020, paying $4.57 million for the privilege, with the funds going to the Glide Foundation charity in San Francisco, <a href="https://www.theblockcrypto.com/post/55113/it-happened-tron-founder-justin-sun-dined-with-warren-buffett">The Block reported</a> at the time. “It was really an honor and I’m grateful for Mr. Buffett’s dinner, wisdom, and vision,” Sun said.</p>