Ihtisham_Ul Haq
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💥Bitcoin Is Rat Poison”Warren Buffett:
Billionaire investor Warren Buffett has criticized Bitcoin, stating that those who invest in it do so with the expectation of selling it at a higher price to someone else.
Speaking ahead of Berkshire Hathaway’s annual meeting on Saturday, Buffett labeled Bitcoin as “rat poison,” drawing parallels between its demand and the 17th-century tulip mania in the Netherlands. He suggested that the currency’s rising value is driven by mysticism rather than intrinsic worth, according to The Telegraph.
Berkshire Hathaway’s Vice Chairman and Buffett’s longtime business partner, Charlie Munger, was even more direct, dismissing Bitcoin as completely worthless.
Billionaire investor Warren Buffett has criticized Bitcoin, stating that those who invest in it do so with the expectation of selling it at a higher price to someone else.
Speaking ahead of Berkshire Hathaway’s annual meeting on Saturday, Buffett labeled Bitcoin as “rat poison,” drawing parallels between its demand and the 17th-century tulip mania in the Netherlands. He suggested that the currency’s rising value is driven by mysticism rather than intrinsic worth, according to The Telegraph.
Berkshire Hathaway’s Vice Chairman and Buffett’s longtime business partner, Charlie Munger, was even more direct, dismissing Bitcoin as completely worthless.
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