Warren Buffett says he will 'never' own any cryptocurrency

Berkshire Hathaway chairman and billionaire investor Warren Buffett has reiterated his aversion to cryptocurrencies.

"Cryptocurrencies basically have no value and they don't produce anything," Buffett told CNBC in an interview on Monday. "I don't have any cryptocurrency and I never will," Buffett added.

Last month, Tron founder Justin Sun, along with his four guests, dined with Buffett - but that didn't change the billionaire investor's stance on crypto. 

"When Justin and four friends came, they behaved perfectly and we had a very friendly 3½-hour dinner and the whole thing was a very friendly exchange of ideas," Buffett said, adding that neither he nor Sun changed their stance on bitcoin.

89-year old Buffett has been a long-time critic of cryptocurrencies. He has called bitcoin as a "real bubble" and "rat poison squared," among other descriptors.

Interestingly, Buffett today said he may create a "Warren currency" that would be available after he passes away. 

AUTHOR

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

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