Wednesday, April 1st8.3°C
25757
22748

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

25103


Recent Trending




Today's Market
S&P TSX14942.55+40.11
S&P CDNX681.32+1.25
DJIA17698.18-77.94
Nasdaq4880.23-20.66
S&P 5002059.69-8.20
CDN Dollar0.7924+0.0036
Gold1203.60+20.50
Oil49.66+2.06
Lumber274.10-4.10
Natural Gas2.605-0.035

 
Okanagan Companies
Pacific Safety0.12-0.01
Knighthawk0.010.00
QHR Technologies Inc1.55+0.07
Cantex0.03-0.01
Anavex Life Sciences0.23+0.02
Metalex Ventures0.045+0.005
Russel Metals24.83+0.79
Copper Mountain Mining1.19+0.03
Colorado Resources0.11-0.01
ReliaBrand Inc0.0036-0.0024
Sunrise Resources Ltd0.04-0.01
Mission Ready Services0.23-0.02
Decisive Dividend Corporation1.80+0.02

 



25774

FEATURED Property
2218779Coral Beach Lakeshore
$1,500,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Down payment

If you have less than 20% down payment, mortgage insurance is required through Canada Mortgage & Housing (CMHC), Genworth or Canada Guaranty. Homeowners no longer need the minimum 5% down payment ...


CRA Notice of Assessment

Many Canadians rush to file their taxes on time each year and don’t think about it until the next year. One of the most overlooked notices received from the CRA annually is the annual Notice of ...


Medical confidential?

If ICBC asks your doctor for your information you may wonder: Can ICBC ask my doctor for my medical information? Can ICBC request a medical report from my doctor without my consent? What is ICBC entit...

_








Member of BC Press Council


25522