The legendary American investor, one of the top richest people on the planet Warren Buffett, once again criticized cryptocurrencies. The head of Berkshire Hathaway expressed his opinion at a recent shareholders' forum.

According to Buffett, if we compare bitcoin with real estate or industrial assets, it will be obvious that the main disadvantage of the cryptocurrency will be its lack of real value. The billionaire said that he cannot predict the further movement of the BTC rate, but the fact that the digital asset does not produce anything makes him stay away from bitcoin.

The businessman cited the example of U.S. agricultural securities and U.S. real estate. According to him, he wouldn't hesitate if someone offered his company to buy at least 1% of shares for $25 billion. However, in the case of bitcoin, even if someone could sell Berkshire Hathaway all the coins for only $25, he would refuse. The reason is that, as Buffett admitted, he doesn't know how to handle them. At the same time, farms and houses would make a steady profit and work for the investor.

At the same time, one of the richest men on the planet recognizes the investment potential of bitcoin especially in
In the face of ever-increasing inflation.