{"id":252013,"date":"2020-02-25T06:38:00","date_gmt":"2020-02-25T11:38:00","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=252013"},"modified":"2020-02-25T06:38:00","modified_gmt":"2020-02-25T11:38:00","slug":"warren-buffett-back-to-bashing-bitcoin-despite-meeting-with-justin-sun","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/warren-buffett-back-to-bashing-bitcoin-despite-meeting-with-justin-sun","title":{"rendered":"Warren Buffett Back To Bashing Bitcoin Despite Meeting With Justin Sun"},"content":{"rendered":"<p>Berkshire Hathaway\u2019s CEO, Warren Buffet, has gone to the public once more to bash Bitcoin. He gave all the usual arguments, stating that cryptocurrencies as a whole are considered \u201cworthless.\u201d This comes after TRON\u2019s founder, <a href=\"https:\/\/insidebitcoins.com\/news\/justin-sun-manages-to-sit-down-for-warren-buffet-dinner\/249197\">Justin Sun<\/a>, managed to get a meeting with the legendary investor. Alas, it seemed that Sun\u2019s infamous skill in marketing and overhyping didn\u2019t manage to do their job this time.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The only economic contribution of bitcoin is a fall in demand for suitcases because bitcoin makes it easier move money illegally, says Warren Buffett <a href=\"https:\/\/twitter.com\/hashtag\/btc?src=hash&amp;ref_src=twsrc%5Etfw\">#btc<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#bitcoin<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/AskWarren?src=hash&amp;ref_src=twsrc%5Etfw\">#AskWarren<\/a> <a href=\"https:\/\/t.co\/dyBTbyPRhk\">pic.twitter.com\/dyBTbyPRhk<\/a><\/p>\n<p>&mdash; Squawk Box (@SquawkCNBC) <a href=\"https:\/\/twitter.com\/SquawkCNBC\/status\/1231946630800269312?ref_src=twsrc%5Etfw\">February 24, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><strong>Buffett: Crypto Is Worthless<\/strong><\/h2>\n<p>Buffett gave his unchanged outlook through an interview with CNBC. He stated, as many have said before, that cryptocurrencies as a whole have no value. However, credit must be given to Buffet for making a new argument to denounce crypto: Crypto doesn\u2019t produce anything.<\/p>\n<p>According to Buffett, a crypto investor can look at the ledger item for 20 years, and that ledger will keep telling you that you have a specific amount of crypto. His argument stands that crypto is incapable of reproduction, delivering, mailing you a check, or doing \u201canything\u201d for that matter.<\/p>\n<h2><strong>The Many Claimed Inadequacies<\/strong><\/h2>\n<p>If anyone should be surprised that you can\u2019t grow a cryptocurrency coin like a potato or order pizzas for you and have it give you a check, is left up for debate. However, it falls within Buffett\u2019s business strategy. It\u2019s the same reason Buffett doesn\u2019t invest in gold since he sees no use for it outside of the inherent value that can shift and possibly earn a profit. As time goes on, <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\">cryptocurrencies<\/a> have become more and more useful, but it seems Buffett either doesn\u2019t care about the innovation, or doesn\u2019t care to find out.<\/p>\n<p>The billionaire investor called the ownership of crypto a problem, explaining that you\u2019re only capable of trading it amongst other investors, but then they\u2019re stuck with it.<\/p>\n<h2><strong>Justin Sun\u2019s Failed Sales Pitch<\/strong><\/h2>\n<p>In a bit of a disappointment, Warren Buffett has recently <a href=\"https:\/\/insidebitcoins.com\/news\/justin-sun-manages-to-sit-down-for-warren-buffet-dinner\/249197\">had dinner<\/a> with none other than Justin Sun, the founder of Tron. Sun invited four other vital figures within the crypto industry to try and sway Buffet from his views. Within this dinner, Sun reportedly gave Buffett two Samsung Galaxy Fold smartphones. Within these phones, Sun added a single Bitcoin, as well as 1.9 million TRX tokens, along with a range of minor Sun-owned cryptocurrencies. While Sun was quick to boast about it, it seemed to fall on deaf ears.<\/p>\n<p>At the very least, it increased the rarity in Sun\u2019s cryptocurrencies due to Buffett refusing to use the ones in his wallet. From what can be gathered by the crypto community, this will only do Sun\u2019s networks some good.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">Berkshire Hathaway\u2019s CEO, Warren Buffet, has gone to the public once more to bash Bitcoin. He gave all the usual arguments, stating that cryptocurrencies as <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/warren-buffett-back-to-bashing-bitcoin-despite-meeting-with-justin-sun\" title=\"Warren Buffett Back To Bashing Bitcoin Despite Meeting With Justin Sun\">[&#8230;]<\/a><\/div>","protected":false},"author":1717,"featured_media":133835,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[7596],"tags":[7598,7893,7618,7610,7633],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.8 (Yoast SEO v21.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Warren Buffett Back To Bashing Bitcoin Despite Meeting With Justin Sun<\/title>\n<meta name=\"description\" content=\"In a bit of a disappointment, Warren Buffett has recently had dinner with none other than Justin Sun, the founder of Tron.\" \/>\n<meta name=\"robots\" content=\"max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252013\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Warren Buffett Back To Bashing Bitcoin Despite Meeting With Justin Sun\" \/>\n<meta property=\"og:description\" content=\"In a bit of a disappointment, Warren Buffett has recently had dinner with none other than Justin Sun, the founder of Tron.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-25T11:38:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/05\/bz04-warren-buffet-apple.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ali Raza\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ali_r1272\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ali Raza\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252013#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252013\"},\"author\":{\"name\":\"Ali Raza\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/542f9bb7fcd1a45cdfd54e377a73fb2d\"},\"headline\":\"Warren Buffett Back To Bashing Bitcoin Despite Meeting With Justin Sun\",\"datePublished\":\"2020-02-25T11:38:00+00:00\",\"dateModified\":\"2020-02-25T11:38:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252013\"},\"wordCount\":453,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"keywords\":[\"Crypto\",\"Trading\",\"TRON\",\"TRX\",\"Warren Buffet\"],\"articleSection\":[\"Breaking Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252013#respond\"]}],\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252013#primaryimage\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252013\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252013\",\"name\":\"Warren Buffett Back To Bashing Bitcoin Despite Meeting With Justin Sun\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"datePublished\":\"2020-02-25T11:38:00+00:00\",\"dateModified\":\"2020-02-25T11:38:00+00:00\",\"description\":\"In a bit of a disappointment, Warren Buffett has recently had dinner with none other than Justin Sun, the founder of Tron.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252013\"]}],\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252013#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252013#primaryimage\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/insidebitcoins.com\/#website\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"name\":\"InsideBitcoins.com\",\"description\":\"Search &amp; Compare Brokers within Crypto, Forex &amp; Stocks\",\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/insidebitcoins.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/insidebitcoins.com\/#organization\",\"name\":\"InsideBitcoins\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"width\":195,\"height\":32,\"caption\":\"InsideBitcoins\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/542f9bb7fcd1a45cdfd54e377a73fb2d\",\"name\":\"Ali Raza\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/avatar_user_1717_1713262484-96x96.png\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/avatar_user_1717_1713262484-96x96.png\",\"caption\":\"Ali Raza\"},\"description\":\"Ali is a professional journalist with experience in Web3 journalism and marketing. Ali holds a Master's degree in Finance and enjoys writing about cryptocurrencies and fintech. Ali\u2019s work has been published on a number of leading cryptocurrency publications including Capital.com, CryptoSlate, Securities.io, Business2Community, BeinCrypto, and more.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/alirazak\/\",\"https:\/\/twitter.com\/ali_r1272\"],\"url\":\"https:\/\/insidebitcoins.com\/news\/author\/aliraza\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Warren Buffett Back To Bashing Bitcoin Despite Meeting With Justin Sun","description":"In a bit of a disappointment, Warren Buffett has recently had dinner with none other than Justin Sun, the founder of Tron.","robots":{"max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252013","og_locale":"en_US","og_type":"article","og_title":"Warren Buffett Back To Bashing Bitcoin Despite Meeting With Justin Sun","og_description":"In a bit of a disappointment, Warren Buffett has recently had dinner with none other than Justin Sun, the founder of Tron.","og_site_name":"InsideBitcoins.com","article_published_time":"2020-02-25T11:38:00+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/05\/bz04-warren-buffet-apple.jpg","type":"image\/jpeg"}],"author":"Ali Raza","twitter_card":"summary_large_image","twitter_creator":"@ali_r1272","twitter_misc":{"Written by":"Ali Raza","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252013#article","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252013"},"author":{"name":"Ali Raza","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/542f9bb7fcd1a45cdfd54e377a73fb2d"},"headline":"Warren Buffett Back To Bashing Bitcoin Despite Meeting With Justin Sun","datePublished":"2020-02-25T11:38:00+00:00","dateModified":"2020-02-25T11:38:00+00:00","mainEntityOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252013"},"wordCount":453,"commentCount":0,"publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"keywords":["Crypto","Trading","TRON","TRX","Warren Buffet"],"articleSection":["Breaking Crypto News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252013#respond"]}],"copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252013#primaryimage"}},{"@type":"WebPage","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252013","url":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252013","name":"Warren Buffett Back To Bashing Bitcoin Despite Meeting With Justin Sun","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/#website"},"datePublished":"2020-02-25T11:38:00+00:00","dateModified":"2020-02-25T11:38:00+00:00","description":"In a bit of a disappointment, Warren Buffett has recently had dinner with none other than Justin Sun, the founder of Tron.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252013"]}],"primaryImageOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252013#primaryimage"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252013#primaryimage"}},{"@type":"WebSite","@id":"https:\/\/insidebitcoins.com\/#website","url":"https:\/\/insidebitcoins.com\/","name":"InsideBitcoins.com","description":"Search &amp; Compare Brokers within Crypto, Forex &amp; Stocks","publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/insidebitcoins.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/insidebitcoins.com\/#organization","name":"InsideBitcoins","url":"https:\/\/insidebitcoins.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","width":195,"height":32,"caption":"InsideBitcoins"},"image":{"@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/542f9bb7fcd1a45cdfd54e377a73fb2d","name":"Ali Raza","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/avatar_user_1717_1713262484-96x96.png","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/avatar_user_1717_1713262484-96x96.png","caption":"Ali Raza"},"description":"Ali is a professional journalist with experience in Web3 journalism and marketing. Ali holds a Master's degree in Finance and enjoys writing about cryptocurrencies and fintech. Ali\u2019s work has been published on a number of leading cryptocurrency publications including Capital.com, CryptoSlate, Securities.io, Business2Community, BeinCrypto, and more.","sameAs":["https:\/\/www.linkedin.com\/in\/alirazak\/","https:\/\/twitter.com\/ali_r1272"],"url":"https:\/\/insidebitcoins.com\/news\/author\/aliraza"}]}},"modified_by":"Ali Raza","_links":{"self":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252013"}],"collection":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/users\/1717"}],"replies":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/comments?post=252013"}],"version-history":[{"count":0,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252013\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media\/133835"}],"wp:attachment":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media?parent=252013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/categories?post=252013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/tags?post=252013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}