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

  • Pepeto Announces $5.5M Presale and Demo Trading Platform
    July 25, 2025
  • $75K in Rewards Announced for Valhalla’s First-Ever Tournament
    July 25, 2025
  • Meet the Most Valuable Builder (MVB) Season 10 Cohort
    July 25, 2025
  • Remittix Presale Raises $17M After Revealing Next-Gen Web3 Wallet Beta Launch Date
    July 25, 2025
  • BioSig Technologies and Streamex: Pioneering Real-World Asset Tokenization in the U.S. Market
    July 25, 2025
  • Zircuit Launches AI Trading Engine for Lightning-Fast, Cross-Chain Trading
    July 24, 2025
  • From Utility to Global Adoption – G Coin Surpasses One Million Daily On-Chain Transactions
    July 24, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$116,802.29
$116,802.29
1.79%
Ethereum
$3,646.46
$3,646.46
2.37%
BNB
$775.09
$775.09
0.6%
Solana
$182.38
$182.38
3.01%
XRP
$3.08
$3.08
4.25%

Spotlight

  • ‘Full Bull Momentum Awaits’: Analytics Platform Says Bitcoin Still in Early-Stage Bullish Setup – Here’s the Outlook
    July 18, 2025
  • Weakening of US Dollar Is ‘Good News’ for Bitcoin at This Stage of the Cycle, Says Analyst Jason Pizzino – But There’s a Catch
    July 18, 2025
  • Bitcoin Miner Backed by Peter Thiel Now Holds $1,000,000,000 Worth of Ethereum in a Bid To Become the MicroStrategy of ETH
    July 18, 2025
  • Trader Says Dogecoin Forming Bullish Pattern That Could Lead to 76% Rally, Maps Path Forward for Bitcoin
    July 18, 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