Warren Buffett avoids cryptocurrencies due to extreme volatility and focus on hype over fundamentals.

From Nasdaq Corporation

March 11, 2025 12:50:48 PM:

Legendary investor Warren Buffett tends to avoid cryptocurrency due to its extreme volatility and reliance on hype over business fundamentals. In 2018, he called bitcoin “rat poison squared” and predicted a bad ending for all cryptocurrencies. Despite recent market ups, Buffett remains critical and hesitant to make significant crypto investments. Buffett has indirectly entered the crypto market through investments in a Brazilian banking firm with its own crypto platform. Although many companies are embracing cryptocurrency for various purposes, it does not align with Buffett’s investment strategy of favoring established companies with tangible products and services. Buffett may steer clear of crypto because it lacks the ability to generate tangible value or income like other assets.

Read more at Nasdaq: Why Warren Buffett Avoids Cryptocurrencies Despite Their Hype