Warren Buffett: Bitcoin is a gambling device
“This is a gambling device … There is a lot of fraud associated with it. There are known cases of disappearances, so on it It was a lot of money lost. Bitcoin produces nothing “, – stated Warren Buffett in front of a group of reporters ahead of the Berkshire Hathaway Annual Meeting in Omaha.
“He does not do anything. is he just dwells where he is. This is something like a sea shell and, from my point of view, not an investment “, – added he, also comparing cryptocurrency with a button on his jacket.
“Here I am tearing off a button. Now I have a small token. I will offer it to you per $ 1 000, then I’ll see if I can whether i raise its price to $ 2,000 by the end of the day. But the button has Total one well-defined region applications “.
“Blockchain very important, but he didn’t need bitcoin. J.P. Morgan of course, I decided to create his own cryptocurrency, he said this Saturday. – Perhaps we let’s enter in this space not directly, but the role of a major leader on myself try on I will not “.
Previously Buffett repeatedly responded about bitcoin in a critical way. So, in February, he called cryptocurrency, “A clever deception created for attracting various types of fraudsters. ” Most memorable commentary on this about the legendary investor, probably gave in May last of the year, when he called bitcoin “rat poison squared”.