"Cryptocurrencies basically have no value," Warren Buffett said in an interview on Monday.

Speaking to CNBC reporter Becky Quick on Feb. 24, the 4th-wealthiest person in the world discussed his impression of Bitcoin following a fundraiser. In attendance was Justin Sunday, CEO of Tron, and long-fourth dimension believer in crypto.

In May 2022, the two gathered with others at a fundraiser for the Glide Foundation, a clemency organization that helps the homeless in San Francisco. Speaking billionaire to billionaire, the young Sun suggested the seasoned Warren consider investing in cryptocurrency.

Notwithstanding, when pressed on whether Dominicus had given him whatever Bitcoin later the exchange, Buffett balked:

"I don't ain any cryptocurrency. I never will… Yous can't exercise anything with it except sell it to somebody else."

He likewise commented on the fact that the cryptocurrency has been associated with money laundering and terrorism:

"Bitcoin has been used to motion around a fair amount of coin illegally."

Buffett fabricated the bulk of his fortune from hedge funds and insurance. He has an estimated net worth of $88.9 billion.

Billionaire investors in cryptocurrency

Bitcoin has seen major investments from millionaires and billionaires alike, merely as Warren demonstrated, some who made their fortunes using more than established means are reluctant to take cryptocurrencies. Mark Cuban, the billionaire who rose to fame in the dot-com bubble, has said he'd rather "have bananas" than Bitcoin.

On the other hand, there have been some success stories. Tyler and Cameron Winklevoss may not have reaped the benefits of Facebook, but the 2 have a combined net worth of over $1.4 billion after founding the crypto exchange Gemini.