The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Warren Buffett Predicts Demise of Crypto, Admits He Was Wrong on Google and Amazon

by Daily Hodl Staff
May 7, 2018
in Bitcoin

Billionaire Warren Buffett is one of the most successful investors of all time – but nobody’s perfect.

At the Berkshire Hathaway’s annual shareholder meeting, Buffett trashed the future of cryptocurrency while admitting he didn’t see tech giants Google and Amazon coming.

At Saturday’s event, Buffett said, “I made the wrong decisions on Google and Amazon,” reports CNBC. “We’ve looked at it. I made the mistake in not being able to come to a conclusion where I really felt that at the present prices that the prospects were far better than the prices indicated.”

Buffett says back in the day, Bill Gates had to tell him to stop using Altavista and switch to Google.

As for Amazon, Buffett says he always held Jeff Bezos in high esteem, but thought the odds were stacked against him. “I think what Jeff Bezos has done is something close to a miracle… The problem is when I think something will be a miracle, I tend not to bet on it.”

So what about cryptocurrency? At the same event, Buffett wasn’t shy about the new technology, boldly saying Bitcoin is “probably rat poison squared.”

.@WarrenBuffett on bitcoin just now: “it’s probably rat poison squared.” #brk2018

— Becky Quick (@BeckyQuick) May 5, 2018

Buffett has a long history of trash talking cryptocurrency. Earlier this year, Buffett said Bitcoin is a “mirage” and said he was almost certain cryptocurrencies “will come to a bad ending.”

Despite his misgivings on crypto, BNSF Railway – which is part of Buffett’s Berkshire Hathaway – recently joined the Blockchain in Transport Alliance.

The group is made up of over 200 companies looking at how to use the blockchain to create new standards in supply chain logistics, vehicle repair and fraud prevention.

“Blockchain technology has the potential to change several aspects of the transportation industry and it is important that the industry comes together to align around a set of standards,” said Muru Murugappan, BNSF vice president of technology services and chief information officer. “We are excited to help drive those standards forward as a member of BiTA.”

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • The Open Platform Is First Unicorn in Web 3.0 Ecosystem in Telegram at $1 Billion Valuation
    July 3, 2025
  • P2P.org Brings Native ETH Staking to Ledger Live Globally
    July 3, 2025
  • Cooking.City Bringing Back Value Redistribution to Solana Fair Launches
    July 3, 2025
  • Oasis Protocol Foundation Launches ROFL Mainnet – Verifiable Off-Chain Compute Framework Powering AI Applications
    July 2, 2025
  • Nexo Becomes First-Ever Digital Asset and Wealth Partner of the DP World Tour, Launches Nexo Golf Championship
    July 2, 2025
  • Number-One DeFi Protocol on Aptos, Echo, Launches Token Generation Event
    July 2, 2025
  • PrimeXBT Launches ‘Trade As VIP’ Campaign Offering 70% off Trading Fees
    July 1, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$108,230.00
$108,230.00
0.84%
Ethereum
$2,525.01
$2,525.01
1.18%
BNB
$656.12
$656.12
0.59%
Solana
$148.41
$148.41
1.5%
XRP
$2.22
$2.22
0.66%

Spotlight

  • 2,200,000 People Affected As Data Breach Hits Retail Grocery Giant – Names, Government IDs, Bank Account Numbers and Health Info Stolen
    June 28, 2025
  • Trader Says Bitcoin in a Transitional Period, Predicts BTC Could See Multiple Weeks of Upside if This Happens
    June 28, 2025
  • ‘If We Didn’t Have It, China Would’: Trump Expresses Support for US Crypto Industry, Dodges Question About His Personal Holdings
    June 28, 2025
  • $5,000 Payout Heading To Data Breach Victims After Insurance Incident Exposes ‘Highly Sensitive’ Information of 479,261 People
    June 28, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl