Buffett bashes Bitcoin as nonproductive, thriving on mystique
Buffet&#x27;s investing strategy is, and has always been, look for the intrinsic value in a company, buy them, and then hold on forever. As part of that intrinsic value is the management teams that are running the companies. A strong team is as valuable as any other asset. When Buffet does buy a company, he&#x27;ll generally leave management in place and not interfere in the day to day running of the company.
Bitcoin has no management and it has no intrinsic value. It&#x27;s worth is whatever somebody is willing to pay for it. That is 180 degrees out of phase with the Buffet strategy.