The 2025 Berkshire Hathaway AGM just concluded — unsurprisingly, Warren Buffett remains deeply skeptical of Bitcoin and crypto.
Buffett’s consistent stance since 2014:
✅ 2014 (CNBC)
“Bitcoin is a mirage… claiming it has huge intrinsic value is a joke.”
✅ 2018 (AGM)
“Bitcoin is probably rat poison squared.”
✅ 2019 (CNBC)
“It does nothing. It just sits there. Like a seashell.”
✅ 2020
“Assets that produce nothing… are just speculative.”
✅ 2022 (AGM)
“If you owned all the Bitcoin in the world and offered it to me for $25, I wouldn’t take it.”
Charlie Munger went further:
“Bitcoin is a combination of dementia and immorality,”
and praised China’s crypto ban.
📌 Buffett’s core objections:
1. No intrinsic value
2. Extreme volatility
3. Unreliable as money or store of value
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