✅Warren Buffett's Critique of Bitcoin
✅📞📞📞Billionaire investor Warren Buffett has expressed strong criticism of Bitcoin, suggesting that those who invest in it do so primarily with the hope of selling it later at a higher price.
✅Buffett's Labeling of Bitcoin
Ahead of Berkshire Hathaway's annual meeting on Saturday, Buffett referred to Bitcoin as “rat poison.” He drew a parallel between Bitcoin's demand and the notorious tulip mania of the 17th century in the Netherlands.
🪂Buffett argued that the rising value of Bitcoin is driven by speculation and mysticism rather than any inherent value.
🗿Berkshire Hathaway’s Vice Chairman, Charlie Munger, who is also Buffett's longtime business partner, reinforced this view by labeling Bitcoin as completely worthless.
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📈↩️Overall, Buffett and Munger's perspectives highlight a skepticism towards Bitcoin, emphasizing concerns about its speculative nature and lack of intrinsic value❇️❇️❇️❇️❇️🟦🟦🟦
