Warren Buffet was recently interviewed on CNBC and was asked about his opinions on cryptocurrencies and Bitcoin after his dinner with Justin Sun and a few of his “crypto buddies”.
There is no doubt that Buffett is an incredible value investor, but when it comes to evaluating cutting edge technologies, he may not have the best track record. He has made a MASSIVE bet on Apple, but he didn’t make that bet until 2016 — when the company was already a global behemoth with a massive amount of positive cash flow.
Buffett doesn’t predict “the next technological breakthrough”, instead, he focuses on income-producing assets that are tangible in the here and now and can reliably grow in the future. That’s why I believe his perspective on investments regarding innovative technologies ought to be taken with a grain of salt.
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