Editors note: We do think some perspective is needed when someone like him speaks on the topic of cryptocurrencies, or tech in general. Buffett made his billions in old traditional industries and traditional finance - coal, tobacco, Coca Cola, Heinz, Bank Of America - you get the idea.
On technology he's the first to admit - it's not his area of expertise.
When asked why he missed out on Amazon, his response was "I was too dumb".
When asked why he hadn't invested in Google - "I blew it" said Buffett.
Buffett is indeed a genius - in his fields. Technology isn't one of them. In fact history tells us if it's tech and Buffett doesn't believe in it - a bright future is ahead.
Author: Ross Davis
San Francisco News Desk
