Warren Buffett: 'I don't own any cryptocurrency and I never will' [hWng8PO7HEf]

Warren Buffett: 'I don't own any cryptocurrency and I never will' [hWng8PO7HEf]

| 1h 28m 28s | Video has closed captioning.

Berkshire Hathaway's chairman and CEO Warren Buffett told CNBC's Becky Quick on Monday that he's staying away from cryptocurrencies. "I don't own any cryptocurrency and I never will," he said. “Cryptocurrencies basically have no value and they don’t produce anything,” he told CNBC’s Becky Quick in a Squawk Box interview. “In terms of value: Zero.” “I don’t have any cryptocurrency and I never will,” he added. Buffett joined CNBC to discuss the markets just days after he released his annual shareholder letter. Buffett has been a long-time critic of the world’s largest digital coin. He called bitcoin “probably rat poison squared,” ahead of the 2018 Berkshire Hathaway annual shareholder meeting. A “mirage,” “not a currency,” and “tulips” are among the descriptors Buffett has used for bitcoin, according to CNBC’s Warren Buffett Archive. Berkshire Vice Chairman Charlie Munger has called it a “turd,” and said that trading cryptocurrencies is “just dementia.” Last year, in an attempt to change Buffett’s mind, Justin Sun, founder of cryptocurrency TRON and CEO of file-sharing company BitTorrent, bid $4.6 million in a charity auction to have a meal with the bitcoin skeptic. “When Justin and four friends came, they behaved perfectly and we had a very friendly three and a half hour dinner and the whole thing was a very friendly exchange of ideas,” Buffett said. He added that neither he nor Sun changed their stance on the coin. For more Warren Buffett, check out Squawk Pod: » Subscribe on Google Play: » Subscribe on Apple Podcasts: » Subscribe on Spotify: » Listen on Stitcher: For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: #CNBC #CNBC TV #bitcoin kurs echtzeit euro #crypto turbo #el salvador bitcoin 2025 #crypto projects