Warren Buffett is according to Forbes list second most richest men in the world. He is well known American business man and we all should know that Warren only invest in assets that he understand very well, he heard about Bitcoin and know a lot about it but he doesn\'t deep understand it, this is the reason why he was critical about Bitcoin.
As we already said in the text above this guy has a simple rule which is saying if you don\'t understand a business, don\'t invest in it. \"If you understand a business, or a sector, you could have the upper hand when it comes to buying its stock.\" If you are guy that invest in everything knowledge can be your advance when it comes to the stock market.
When we are looking for the answer to the question above mentioned, we must consider the fact that Warren Buffett is a value investor, looking for companies that have value, looking for undervalued stocks based on P/E ration and other indicators. He only invest in long term if he understand the main concept of the business. He claimed that he hasn\'t invested in the Bitcoin because he think that Bitcoin doesn\'t has value at all, he said that you can\'t value Bitcoin because it\'s not value-producing asset. In his view, statement about the intrinsic value of Bitcoin is just a joke. He also earlier in 2014 order to people to stay away form Bitcoin because it is mirage and nothing more. What do you thing, what Warren Buffett think about Bitcoin now, when cryptocurrency adoption rate and price is going up extremely?