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Home Dogecoin

Elon Musk Mocks Legendary Investor Warren Buffett’s Attack On Bitcoin As The Price Slides—And Signals Further Dogecoin Support

admincrypto by admincrypto
May 1, 2022
in Dogecoin
Elon Musk Mocks Legendary Investor Warren Buffett’s Attack On Bitcoin As The Price Slides—And Signals Further Dogecoin Support
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Tesla

TSLA
billionaire Elon Musk has mocked the legendary investor Warren Buffett after the Berkshire Hathaway

BRK.A
chief executive again attacked bitcoin—in a week where “bitcoin Jesus” returned to the public sphere and named his top “contenders” for the title of the world’s dominant cryptocurrency.

Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and successfully navigate the volatile bitcoin and crypto market

“Haha, he says ‘bitcoin’ so many times,” Musk responded to a clip of the famed value investor on Twitter

TWTR
, shared by crypto-backing venture capitalist Marc Andreessen who called it “wild” that Buffett can attack bitcoin “while nakedly shilling diabetes”—referring to Buffett surrounding himself with boxes of See’s Candies on stage.

Warren Buffett and his right-hand man, Berkshire Hathaway’s vice chairman Charlie Munger, both used the company’s annual shareholder meeting on Saturday to repeat their well-known derision of bitcoin and cryptocurrencies.

Want to stay ahead of the market and understand the latest crypto news? Sign up now for the free CryptoCodex—A daily newsletter for crypto investors and the crypto-curious


MORE FROM FORBES‘World’s Dominant’ Coin-Legendary Bitcoin ‘Whale’ Reveals His Surprise Top Three Crypto Picks As Price Volatility Hits Ethereum And OthersBy Billy Bambrough

Elon Musk, the Tesla billionaire who added bitcoin to the company’s balance sheet last year, has … [+] clashed with fellow billionaire Warren Buffett over the cryptocurrency.

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AFP via Getty Images

“Whether [the bitcoin price] goes up or down in the next year, or five or 10 years, I don’t know,” said Buffett, explaining his long dislike of bitcoin due to it not producing anything tangible—unlike businesses or property. The bitcoin price has struggled in recent months, falling around 40% from its all-time high of almost $70,000 per bitcoin.

“If you told me you own all of the bitcoin…

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