Warren Buffett, who earlier this month said he wouldn’t own bitcoin because he doesn’t consider it a store of value or reliable means of exchange, again dismissed bitcoin on Friday.
Bitcoin price is down 12.5%, S&P 500, Nasdaq indexes as well as companies like Berkhire Hathway has also lost significantly since the beginning of the year. Oil war adds fire to the financial crash party.
While some stocks are seriously falling being affected by the current events in the world, Berkshire Hathaway stock may be the biggest winner.
Global airlines stand to lose $113 billion in sales if the coronavirus continues to spread, according to the International Air Transport Association. The airline stocks have been also seriously hit.
Warren Buffett has warned against buying or selling shares. He doesn’t think that the behavior of investors should be influenced by the coronavirus panic.
The U.S. markets show a significant drop on Monday morning due to the coronavirus fears and uncertainty. People rush to sell the coins, experts now expect Bitcoin price to go below 9,000.
During his recent interview with CNN, Justin Sun clarified that he has a diversified portfolio of crypto investments and holds large sums of BTC, ETH, and XRP. Besides, his candid remarks calling TRX a shitcoin has hurt the investors as Tron (TRX) lost 20% price since then.
Warren Buffett stated in an interview that Bitcoin and other crypto have no value. He didn’t change his opinion even though Justin Sun claimed to have given him some crypto assets after the lunch they had together.
Over the last few years, the giant stake in Apple (AAPL) stocks acquired by a prominent investor Warren Buffett has paid off significantly with more than 80% returns.
Berkshire Hathaway has added Kroger to its long list of investment stakes. Warren Buffett’s company has purchased nearly 19 million shares of the retail giant. BRK.B is up.
Yoni Assia, CEO and Co-founder of eToro, attended the recent dinner with Warren Buffett Chairman and CEO of Berkshire Hathaway as the guest of Justin Sun, founder of TRON.