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Despite its recent decline, bitcoin has increased by more than 2,000% in the last five years.
Despite the fact that the world’s largest cryptocurrency has clearly entered the mainstream, one prominent investor remains skeptical of the opportunity: Warren Buffett.
Leila Stahl Buffett cause of death: What happened to Warren Buffett’s mother?
Buffett said at the Berkshire Hathaway annual shareholders meeting on Saturday(April 30) that while he doesn’t know whether bitcoin will rise or fall in value in the future, he is fairly certain that it doesn’t produce anything, and as such he doesn’t need to possess Bitcoin.
To put that in context, bitcoin is currently worth more than $38,000 per unit. While criticizing bitcoin, Buffett mentioned two assets that he would purchase if given the chance.
Buffett isn’t known for being an agricultural investor, but he sees value in a critical asset class for the industry: farmland. His point is that when you buy farmland, you are purchasing a tangible asset that produces food.
Apartment buildings are another asset that Buffett would consider purchasing if the price was right. Leila Stahl Buffett, the business mogul’s mother, died at the age of 93 more than two decades ago.
In 1996, she passed away. Her death was natural, with no apparent cause, and was most likely caused by old age.
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