Andreessen skewers Buffett for doubting bitcoin

Mar 26, 2014

Silicon Valley venture capitalist Marc Andreessen is mocking Warren Buffett for the stock market sage's criticisms of bitcoin, a virtual currency.

Buffett, who has built a $64 billion fortune through his control of Berkshire Hathaway Inc., has dismissed bitcoin as a fad in recent interviews. The putdown irked Andreessen, whose has invested about $50 million in startups betting on bitcoin.

At a bitcoin conference held Tuesday in San Francisco, Andreessen lumped in Buffett among "old white men" who can't grasp .

The 83-year-old Buffett didn't immediately respond to a request for comment.

The 42-year-old Andreessen co-founded Web browser pioneer Netscape. He is also white.

Bitcoin's fate has become a subject of intense debate as the currency's value has swung wildly during the past year.

Explore further: Buffett says bitcoin 'not a currency'

2 /5 (1 vote)
add to favorites email to friend print save as pdf

Related Stories

Winklevosses make their own Bitcoin index

Feb 19, 2014

Early Bitcoin investors Cameron and Tyler Winklevoss have created their own index of the virtual currency, as they gear up to launch the first publicly traded US Bitcoin fund.

Recommended for you

Sony tells AFP it still plans movie release

15 minutes ago

Sony Pictures boss Michael Lynton denied Friday the Hollywood studio has "caved" by canceling the release of "The Interview," and said it still hoped to release the controversial film.

2012 movie massacre hung over 'Interview' decision

13 hours ago

When a group claiming credit for the hacking of Sony Pictures Entertainment threated violence against theaters showing "The Interview" earlier this week, the fate of the movie's big-screen life was all but ...

Clooney slams skittish Hollywood after Sony hack

20 hours ago

Film star George Clooney slammed the Hollywood movie industry for failing to stand up against the cyber threats that prompted Sony Pictures to cancel release of the movie "The Interview."

Atos shares soar after Xerox acquisition

23 hours ago

Shares in French tech firm Atos soared nearly five percent on Friday as traders cheered the news it had bought the IT wing of Xerox for more than $1 billion.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.