Buffett and Cryptocurrencies
Warren Buffett strongly prefers productive assets over cryptocurrencies, which he considers speculative, and he has criticized Bitcoin, calling it "foolish" and "evil" for undermining financial systems.
Buffett prefers investments that generate cash flows and have intrinsic value, such as stocks or farmland, over assets that rely solely on price appreciation without producing any value, aligning with his firm belief in value-based investing.
What investment strategy does Buffett use during market downturns?
Although gold has industrial uses, such as in electronics due to its conductivity, and is widely used in jewelry making, these uses are limited and do not absorb significant new quantities of it on a large scale. Buffett compares this situation to productive assets like farmland, factories, and companies that continuously produce goods and services.
Unlike the stocks of companies that generate profits, pay dividends, and reinvest capital or buy back shares, gold remains dormant; it does not generate any income and does not grow automatically. Warren Buffett famously stated: "You can hold an ounce of gold for a full century, and you will only have one ounce left - no growth, no yield."
Please follow up
