https://squawker.org/technology/bitcoinbuffett/
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A “noxious poison,” that’s how the Vice-Chairman of Warren Buffett’s investment firm Berkshire Hathaway recently chose to describe Bitcoin and its related technologies. Seemingly not one to mince words, the number two at the world’s third-largest public company also called the general interest in Cryptocurrencies “totally asinine.” These strong declarations following only a month behind his famous boss’s own statement that Bitcoin “definitely will come to a bad ending.”
Given all this hate towards Cryptocurrencies coming from Berkshire Hathaway, one would reasonably assume the company wanted nothing to do with the technology. That is why it’s strange to consider that one of the largest of Berkshire’s many wholly owned subsidiary companies, BNSF Railway, has just become the first major railroad to join the Blockchain In Transport Alliance.
The alliance has a stated goal of helping member companies apply digital-ledger based technologies to improve efficiency and reduce costs in the freight and logistics space. The groups own information guide states that, “Members of BiTA understand that Blockchain isn’t just an industry disruptor, it’s technology that will revolutionize the way people do business.” The group has also stated its firm belief that “10% of the global GPD will be stored on Blockchain by 2025.” Strange for a company whose owners have called the technology “disgusting”, to join up with a group so obviously for it.
Given all this hate towards Cryptocurrencies coming from Berkshire Hathaway, one would reasonably assume the company wanted nothing to do with the technology. That is why it’s strange to consider that one of the largest of Berkshire’s many wholly owned subsidiary companies, BNSF Railway, has just become the first major railroad to join the Blockchain In Transport Alliance.
The alliance has a stated goal of helping member companies apply digital-ledger based technologies to improve efficiency and reduce costs in the freight and logistics space. The groups own information guide states that, “Members of BiTA understand that Blockchain isn’t just an industry disruptor, it’s technology that will revolutionize the way people do business.” The group has also stated its firm belief that “10% of the global GPD will be stored on Blockchain by 2025.” Strange for a company whose owners have called the technology “disgusting”, to join up with a group so obviously for it.