What does Warren Buffet think about Bitcoin as a commodity?

He doesn't care for Bitcoin. He is an old school stock picker from a different era. He buys something that has value, not short term profits. read more

This is a doubling-down of Buffett's position on bitcoin specifically, and cryptocurrencies in general. He's gone on the record previously with his criticisms of these instruments. In a 2014 Squawk Box segment on CNBC, Quicken Loans founder Dan Gilbert solicited his opinion of bitcoin. read more

There's also said to be a finite amount of Bitcoin, although we still don't know much its mysterious creator. While the technologists may understand the mechanics of how new Bitcoin is mined, many folks now speculating on the currency don’t know and don’t care. That’s troubling. Yet Buffett has a real concern. read more