Warren Buffett is unlikely to be adding bitcoin to the portfolio soon, according to reports.

Ask Saturday at annual Berkshire Hathaway shareholders meetingHe could have changed his ways. famously negativeThe 91-year old investor had his own opinions on crypto and bitcoin.

Buffett began his answerHe said that, for $25 billion or more of the United States’ farmland and apartments, all attendees would be eligible to buy a stake in his company. However, he would not do the exact same thing for bitcoin. over-$700 billion market cap.

Buffett stated, “If you… had all the bitcoins in the world and offered it to you for $25, then I would not take it.” It’s because what would I do? You’ll need to buy it back. You won’t get anything out of it.”

He said that his opinions on farms and rentals versus Bitcoin were “the difference between productive and unproductive assets.”

He said that the apartments would produce rent, while farms would produce food. He said, “If I have all of the bitcoins, I can go back anywhere.” [anonymous bitcoin founder Satoshi] was.”

He said that bitcoin’s appeal was due to the “magic” of investors.

It is not clear if it will go up or down over the next five years, ten years, or one year. One thing that I know is it doesn’t multiply it produces nothing,” he stated. “It has magic and magic is attached to many other things.

Buffett was long anti-cryptocurrencies. He told CNBC in 2018Berkshire Hathaway said they would “come to a horrible end” and stated that Berkshire Hathaway “never will have a job in them.”

He said that he was already in enough trouble for the topics he thought he knew. “Why on the earth should I have a position long or short in something I don’t know about?”

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