Andrew Ross Sorkin

That is the million, billion, trillion dollar question about cryptocurrency.

You know, some people look at Bitcoin and say it's like digital gold.

It's a more transportable version of gold, but you have to believe in it.

And other people think it's worthless.

You know, Warren Buffett would say, you know, why should you own it?

He thinks it's like rat poison.

He and his former colleague, Charlie Munger, used to describe it that way.

So I think it's going to be a long time before we will have a final verdict on this.

Having said that, I do think there are certain forms of cryptocurrency that do have a use case.

Ethereum is being used for people's

to transport information and value from different transactions and things.

These things called stable coins allow financial transactions to happen at much cheaper prices than the way our current system works.

So there are elements to what's called blockchain that I think do have value, but it doesn't mean that some of these cryptocurrencies unto themselves inherently have to have extraordinary value to work.

Are they capable of recognizing where the problems are?

I would hope that they will be.

I don't think we know.

And I think the truth is that this administration in particular has such a deregulatory focus that they're not putting up guardrails.

If anything, they're trying to take them off.

Look, I think that the biggest shift we've seen under this administration is that the entire business world now runs through one address, 1600 Pennsylvania Avenue, and to some degree through the prism of the whim of one individual.

That's a very different construct than the