Arnold Schwarzenegger Follows Warren Buffett’s Crypto Investment Strategy, Keeps Away From Bitcoin

Arnold Schwarzenegger has taken an interest in Warren Buffett’s cryptocurrency investment strategy, and has decided to invest $300,000 into Bitcoin Cash (BCH). This is not his first investment in the crypto space, as he previously invested $100,000 in the cryptocurrency in September 2017. He also will not invest in BTC, as he believes that it will “come down.” He has also decided to pass on ICOs as he believes they are “are for suckers”, and has advised regulators to crack down on the industry.

The greatest investor of all time, Warren Buffett, once said that he is 85 percent in stocks and the rest in bonds, with no money in cash. Arnold Schwarzenegger, an actor and former Governor of California, is following Buffet’s investment strategy, but he also keeps away from Bitcoin. “I feel the same way about Bitcoin,” Schwarzenegger said on CNBC’s “Closing Bell.” “I have not invested in it, but I’ll tell you, I don’t feel comfortable with it.”

Former California Governor Arnold Schwarzenegger has confirmed that he is not investing in bitcoin or any other cryptocurrency. He says he’s like Warren Buffett because he doesn’t invest in things he doesn’t understand. The Berkshire Hathaway CEO thinks bitcoin is rat poison squared.

Arnold Schwarzenegger does not invest in bitcoin or othercrypto-currencies.

Terminator star Arnold Schwarzenegger talked about bitcoin in an interview published Thursday with The New York Times. As for bitcoin, the former governor of California said:

No, I didn’t invest in it. I’m like Warren Buffett. I don’t invest in things I don’t understand.

The CEO of Berkshire Hathaway has long been a critic of bitcoin. He called it rat poison squared in 2018 after his business partner Charlie Munger compared cryptocurrencies to rat poison and shit.

Buffett is known for operating within his own framework, which means he doesn’t invest in what he doesn’t know.

Schwarzenegger has asked Buffett, also known as the Oracle of Omaha, for advice on several occasions over the years. When he ran for governor of California in 2003, Buffett became his chief financial and economic advisor. Schwarzenegger won the election via special recall and remained in office until 2011.

The Hollywood actor previously called Buffett the greatest investor of all time, my mentor and my hero, adding that Warren has a solid approach to business issues and unmatched integrity. That’s how I want to approach management. Warren always tells it like it is. Buffett was also one of Schwarzenegger’s advisors when he hosted The New Celebrity Apprentice in 2016.

Earlier this month, Buffett and Munger spoke about bitcoin at Berkshire Hathaway’s annual shareholder meeting. While Buffett avoided commenting directly on the cryptocurrency because he didn’t want to upset investors who own bitcoin, Munger stated unequivocally: I hate the success of bitcoin. He added: All this is disgusting and against the interests of civilization.

Do you think Schwarzenegger should follow Buffett’s strategy and stay away from bitcoin? Let us know your comments in the section below.

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