Warren Buffett Compares Bitcoin to Farmland and Apartments: “It Doesn't Produce Anything”

Warren Buffett's Recent Remarks on Cryptocurrencies

In a recent interview with CNBC, Berkshire Hathaway CEO Warren Buffett once again expressed his negative views on cryptocurrencies, particularly Bitcoin. Buffett compared Bitcoin to farmland and apartments, stating that while they may have value, they do not produce anything.

Limited Value and Utility

Buffett explained that unlike stocks, which represent ownership in a productive business, Bitcoin and other cryptocurrencies do not generate any earnings or cash flow. As such, he believes their value is purely speculative and based on the greater fool theory, where investors buy assets in the hope of selling them to someone else at a higher price.

Potential Risks

Buffett also cautioned investors about the potential risks associated with cryptocurrencies, including their volatility, lack of regulation, and susceptibility to fraud and hacking. He urged investors to be wary of investing in assets they do not fully understand.


Warren Buffett's latest comments on cryptocurrencies serve as a reminder of the risks and limitations of investing in purely speculative assets. While cryptocurrencies may have captured the attention of investors, it is important to approach them with caution and consider the potential downsides before making any investment decisions.

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