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.
Read more Business News
- Dream wedding for dying manVernon / N. Okanagan - 7:23 am
- Puppy attacked at parkKelowna - 11:34 am
- Terrorist acts in the 1950sPenticton / S. Okanagan - 5:00 am
- Alaska wants say in BCBC - 1:14 pm
|QHR Technologies Inc||1.20||-0.01|
|Anavex Life Sciences||0.265||+0.005|
|Copper Mountain Mining||2.99||+0.11|
|Sunrise Resources Ltd||0.025||-0.005|
|Mission Ready Services||0.26||+0.045|
Photo: ContributedI would call it a joy ride... You see a planned project or business has a destination. It may be an ongoing revenue stream, it may be a business value or an exit strategy. If you don...
Establishing a joint account may seem like a great strategy at first glance. However, there are many factors that must be considered before taking this action. This article will explore the use of &ls...
Let’s face it; nobody wants to pay for legal services if they do not have to, but if you have been injured in an accident you may have thought about hiring a lawyer to help you navigate your cla...