Warren Buffet attacks Bitcoin….. again. Warren Buffet, speaking on CNBC’s Squawk Box, blasted the cryptocurrency.
“Bitcoin has no unique value at all. It doesn’t produce anything. You can stare at it all day and no little bitcoins come out. It’s a delusion basically.”
Warren Buffet, famously one of the world’s richest men, praised blockchain and its technology. He praised the technology saying “It’s a very ingenious thing to figure out how to have a limited supply and make it harder and more expensive to create.”
Buffet has admitted that he knows very little about the technology, however, saying:
“This is explained to me by people a lot smarter than I am.”
Do you agree with Warren Buffet’s first statement in this article, or the second? What do you think? Is Bitcoin a sham? Let us know what you think on our Facebook page!
