As excitement starts to once again build in bitcoin, it is important to consider why it may underperform as an investment. Warren Buffett, one of the planet’s most influential investors, has an aversion towards both BTC and gold. And, his reasoning may have some merit.
Warren Buffett invests in productive assets, primarily stocks, that grow over time and produce value—independent of the medium of exchange used. Brands like Coca-Cola and Dairy Queen will continue to yield returns regardless of whether the currency is gold or bitcoins.