Warren Buffett criticized Bitcoin on a television channel, where he assured that investing in this asset is like “playing roulette”. In addition, he assured that it does not have “any unique value.”
The American Entrepreneur Warren Buffett attacked again Bitcoinsuggesting that the financial asset it is nothing more than a get-rich-quick tool.
“Something like Bitcoin, it’s a betting chip”, commented the head of Berkshire Hathaway on a television channel. However, he did not blame those people who are interested in this investment: “The urge to participate in something where it seems like the money is easy is a human instinct that has always been there.”
According to him, going to digital currency is like “playing roulette”. His displeasure with Bitcoin is such that he even called it “rat poison squared” clarifying that “it has no unique value.”
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Finally he added: “People love the idea of getting rich quick.”
Buffett’s financial success
The investor, considered one of the richest men in the world, built his wealth by investing in companies he determined had real value and holding his shares for the long term.
cryptocurrencies
Despite repeatedly criticizing Bitcoin, the traditional investor has previously praised the benefits of blockchain technology, saying it could become a “disruptive” force in finance.
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For his part, business partner Charlie Munger was even more critical of it, comparing it to child trafficking.
Source: Ambito
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