Warren Buffett's name is back in the spotlight after his comments about Bitcoin (c-23) went viral again among young investors, especially because his statements sounded quite blunt.

In an interview published by CNBC, the investor over 90 years old reiterated that he remains uninterested in buying Bitcoin, even if the price is very low.

I convey that if someone offers him all the Bitcoin in the world for just US$25, he would still refuse because he believes that asset does not provide real value.

“If all the Bitcoin in the world were offered to me for just US$25, I still wouldn't take it. The thing is, I’m also confused about what it would be used for,” said Buffett.

He also explained that assets like farmland and apartments clearly generate something, whether it be food or rental income, whereas Bitcoin, in his opinion, only relies on the next person who wants to buy at a higher price.

“Land can produce harvests, apartments can generate rental income. But Bitcoin doesn’t produce anything, it just waits for someone else to pay more than before,” he added.

Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).

-# Source of image: Biography