Bitcoin's price is almost $40k! But I'd still follow Warren Buffett's advice in 2021 - The Motley Fool UK

www.fool.co.uk
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Warren Buffett has called cryptocurrencies worthless, yet Bitcoin's price continues to surge. Zaven Boyrazian takes a closer look to see what's going on.
Over the past few weeks, Bitcoin's price has skyrocketed to almost $40,000, yet Warren Buffett continues to oppose the cryptocurrency. His views on the digital currency were made perfectly clear after stating: "I don't own any cryptocurrency and I never will."

But why exactly is Buffett not interested? Let's take a closer look.

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Warren Buffett vs the Bitcoin price

When looking to invest in anything, Warren Buffett seeks out something that creates value. Just like gold, Bitcoin doesn't 'do' anything. It doesn't provide any products or services as a business does. With no underlying fundamentals, It seems to me that the value of Bitcoin is entirely subjective. In other words, the price is driven by what the next person is willing to pay…
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