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“Haha, he says ‘bitcoin’ so many times,” Musk responded to a clip of the famed value investor on Twitter
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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.
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Elon Musk, the Tesla billionaire who added bitcoin to the company’s balance sheet last year, has … [+]
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“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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