Elon Musk Laughs At Warren Buffett: What Did The Oracle Of Omaha Say?

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Tesla Inc TSLA CEO Elon Musk has mocked Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) Chairman Warren Buffett after his latest annual shareholder assembly. 

What Occurred: Buffett attacked Bitcoin BTC/USD whereas answering an viewers query concerning the apex cryptocurrency. 

Musk was responding to a video clip on Twitter, posted by crypto-backing enterprise capitalist Marc Andreessen, saying Buffett repeatedly referenced Bitcoin within the clip. 

MicroStrategy Inc MSTR CEO and Bitcoin bull Michael Saylor additionally famous Buffett’s feedback.

Additionally Learn: This Superstar Has Owned Berkshire Hathaway Shares For 25 Years And Claims He Is Associated To Warren Buffett

Andreessen referred to as it “wild” that Buffett can assault Bitcoin “whereas nakedly shilling diabetes,” referred to Buffett with bins of See’s Candies on stage through the assembly. 

Berkshire Hathaway, by the way, bought See’s Candies in 1972, and Buffett has referred to as See’s a “dream enterprise.” In 1982, he was provided $125 million for See’s, 5 occasions the $25 million he’d paid for it a decade earlier, however declined the supply.

Why It Issues: “Whether or not the Bitcoin value goes up or down within the subsequent yr, or 5 or 10 years, I don’t know,” stated Buffett, explaining his lengthy dislike of Bitcoin as a consequence of it not producing something tangible.

Buffett additionally stated, “For those who advised me you personal all the bitcoin on the planet and provided it for $25, I wouldn’t take it as a result of what would I do with it? I’d must promote it again to you, a method or one other. So it isn’t going to do something.”

Others within the Bitcoin neighborhood additionally responded to Buffett’s remarks, mentioning his present connection to the crypto.  

Buffett beforehand referred to as Bitcoin “rat poison” and has been focused as an enemy of Bitcoin.

Picture: Created with photos from Heisenberg Media and Fortune Stay Media on Flickr



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