UPDATE: Inside Warren Buffett's master class on bitcoin, self-driving vehicles -- and life
By Makail Johannesson
What it's like for a student to meet the Oracle of Omaha
Several times a year, Warren Buffett invites business students to Omaha, Neb., to listen to the Oracle himself.
In mid-October I attended this event along with students from 10 universities and business schools. We met Buffett at the Hilton hotel in downtown Omaha, and the subsequent two-and-a-half-hour Q&A session (https://www.wsj.com/articles/SB10001424052970203711104577199891216425590) opened the door for young people to ask Buffett about anything they pleased. His lengthy and genuine responses touched on a variety of timely topics:
Unsurprisingly, Buffett thinks coin offerings will end badly. "People get excited from big price movements, and Wall Street accommodates," he said.
Bitcoin , the mother of all digital currencies, currently trades at around $5,700, with a market cap now surpassing $90 billion. Still, Buffett remains skeptical, saying: "You can't value bitcoin because it's not a value-producing asset." He added that there's no telling how far bitcoin's price will go and described it as a "real bubble in that sort of thing."