Warren Buffett is ‘An Old White Man Who Doesn’t Understand Tech’: Marc Andreeessen

Warren Buffett's headWarren Buffett had recently warned investors to stay away from Bitcoin calling it a ‘mirage.’

The people from Andreessen Horowitz, the company that has invested million of dollars in Bitcoin, has responded today to this at the CoinSummit being held in San Francisco. The company said that they have plans to invest “hundreds of millions more” in Bitcoin.

Marc Andreessen said that Warren Buffett’s comments were like those of an ”old white men crapping on new technology they don’t understand.” Here is how he tweeted this in his words:

@montemalhotra Actual quote: “Track record of old white men who don’t understand tech crapping on tech they don’t understand still at 100%.”

— Marc Andreessen (@pmarca) March 25, 2014

Another investor Balaji Srinivasan also reportedly said at the event that Bicoin has outperformed Warren Buffett’s Berkshire Hathaway “by a lot.” Today’s Bitcoin price is $584.

Via  Saumya Vaishampayan live-blog of the event.

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