Saturday, May 30th11.1°C
26426
25218

Venture capitalist Marc Andreessen mocks Warren Buffett as tech dinosaur for bitcoin criticism

SAN FRANCISCO - 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 venture capital firm 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 new technology.

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.

The Canadian Press


Read more Business News

25538


Recent Trending




Today's Market
S&P TSX15014.09-92.89
S&P CDNX692.45+0.29
DJIA18010.68-115.44
Nasdaq5070.03-27.95
S&P 5002107.39-13.40
CDN Dollar0.8029-0.0017
Gold1204.30+1.50
Oil60.86+2.49
Lumber273.40+0.90
Natural Gas2.83+0.01

 
Okanagan Companies
Pacific Safety0.14+0.01
Knighthawk0.010.00
QHR Technologies Inc1.46-0.02
Cantex0.03+0.00
Anavex Life Sciences0.40+0.00
Metalex Ventures0.07-0.01
Russel Metals25.07-0.13
Copper Mountain Mining1.27-0.03
Colorado Resources0.10+0.00
ReliaBrand Inc0.022+0.009
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.16+0.01
Decisive Dividend Corporation2.28+0.18

 



26407

FEATURED Property
23132394672 Westridge Drive
3 bedrooms 3 baths
$629,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Yard sale pricing

Photo: Thinkstock.comI have deliberately abridged this household tips article to illustrate pricing strategies. "Tips For Pricing Yard Sale Items” was written by Lynnette Walczak, and publi...


What's a robo-advisor?

Photo: ContributedIt can only be attributable to human error. -Hal, 2001: A Space Odyssey For most of us who are within thinking distance of retirement, the term “robo” conjures up image...


Cash stressed seniors

Photo: Thinkstock.comFor many Canadian homeowners, their house represents the biggest portion of their net worth. Now, increasing numbers of seniors are starting to recognize the hidden value of their...

_



25482




Member of BC Press Council


25772