Warren Buffett: BTC Has No Value, Attracts Only Charlatans

Warren Buffett, billionaire and one of the most famous investors in the world, is sure that bitcoin is really worth nothing, and even compared it with a toy yo-yo. In general, BTC can attract only charlatans.

In an interview with CNBC, Warren Buffett stated that BTC has absolutely no value. And, in fact, bitcoin is a hoax that can attract only charlatans. “If you do something phony by going out and selling yo-yos or something, there's no money in it — but when you get into Wall Street, there's huge money.”

This is not the first time that Buffett attacks BTC. Earlier, the billionaire called bitcoin "mirage", "tulips", and even "rat poison". However, no matter how hard Buffett was about the first coin, he is confident that the blockchain has great potential and the success of the technology "does not depend on cryptocurrency."

Last week, Elon Musk - another “star” of traditional markets - said fiat money has no future. Bitcoin, in his opinion, is unique.

1 year ago

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