Warren Buffett Says Bitcoin Is A 'Delusion' Together With 'Attracts Charlatans'
Friday, March 2, 2012
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Title : Warren Buffett Says Bitcoin Is A 'Delusion' Together With 'Attracts Charlatans'
link : Warren Buffett Says Bitcoin Is A 'Delusion' Together With 'Attracts Charlatans'
Billionaire investor Warren Buffett went for the heavy smackdown against bitcoin this morning.
"Bitcoin has no unique value at all," Buffett told CNBC's Becky Quick inwards a "Squawk Box" interview. "It is a delusion, basically."
"It attracts charlatans," Buffett said. "If y'all create something phony past times going out in addition to selling yo-yos or something, there's no money inwards it — only when y'all larn into Wall Street, there's huge money."
This isn't the outset fourth dimension Buffett has slammed bitcoin. He called bitcoin "probably rat poisonous substance squared," ahead of the 2018 Berkshire Hathaway annual shareholder meeting.
Buffet has a point.
I seat the below video out when bitcoin was trading closed to $15,000. It is straight off nether $4,000.
Check out the comments to the post.
-RW
You are now reading the article Warren Buffett Says Bitcoin Is A 'Delusion' Together With 'Attracts Charlatans' with the link address https://inspirationsbymeforyou.blogspot.com/2012/03/warren-buffett-says-bitcoin-is-delusion.html
Title : Warren Buffett Says Bitcoin Is A 'Delusion' Together With 'Attracts Charlatans'
link : Warren Buffett Says Bitcoin Is A 'Delusion' Together With 'Attracts Charlatans'
Warren Buffett Says Bitcoin Is A 'Delusion' Together With 'Attracts Charlatans'
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| Warren Buffett |
"Bitcoin has no unique value at all," Buffett told CNBC's Becky Quick inwards a "Squawk Box" interview. "It is a delusion, basically."
"It attracts charlatans," Buffett said. "If y'all create something phony past times going out in addition to selling yo-yos or something, there's no money inwards it — only when y'all larn into Wall Street, there's huge money."
This isn't the outset fourth dimension Buffett has slammed bitcoin. He called bitcoin "probably rat poisonous substance squared," ahead of the 2018 Berkshire Hathaway annual shareholder meeting.
Buffet has a point.
I seat the below video out when bitcoin was trading closed to $15,000. It is straight off nether $4,000.
Check out the comments to the post.
-RW
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You are now reading the article Warren Buffett Says Bitcoin Is A 'Delusion' Together With 'Attracts Charlatans' with the link address https://inspirationsbymeforyou.blogspot.com/2012/03/warren-buffett-says-bitcoin-is-delusion.html