Warren Buffet compares Bitcoin to seashells

Buffet thinks that Bitcoin is only useful for trading and doesn’t hold any practical value.
He told Tron founder Justin Sun that any widespread appeal of Bitcoin isn’t likely to increase in the future.

Rajarshi Mitra Independent Analyst

Warren Buffett has reiterated his belief about Bitcoin having no value by comparing it to seashells. On January 23, the Berkshire Hathaway CEO finally had the long-awaited dinner with Tron founder, Justin Sun. During the dinner, Buffet explained why Bitcoin is a bad investment.

We can plant something and harvest it [but] Bitcoin cannot capture the value of blockchain. Just because something has value doesn’t mean it’s a good investment.

The billionaire investor said that he would instead buy land over Bitcoin. He added that he’s content with the US dollar system and the protection that stock and equity offer. Buffett told Sun that any widespread appeal of Bitcoin isn’t likely to grow in the future.

I’m sure my grandson would rather inherit my wealth in US dollars.

The business magnate said that Bitcoin is only useful for trading and doesn’t hold any practical value.

The US dollar is able to store value, but Bitcoin is not capable of doing so, and therefore it’s not different from a seashell.

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Sberbank issues Russia's first corporate loan backed by Bitcoin

Russia's largest bank Sberbank launched the country's first Bitcoin-backed corporate loan to miner Intelion Data. The pilot deal uses cryptocurrency as collateral through Sberbank's proprietary Rutoken custody solution.

Bitcoin recovers to $87,000 as retail optimism offsets steady ETF outflows

Bitcoin (BTC) trades above $88,000 at press time on Tuesday, following a rejection at $90,000 the previous day. Institutional support remains mixed amid steady outflow from US spot BTC Exchange Traded Funds (ETFs) and Strategy Inc.’s acquisition of 1,229 BTC last week.