Warren Buffett Calls Bitcoin a ‘Delusion’: Key Takeaways from the Latest Interview
Warren Buffett, chairman and CEO of investment conglomerate Berkshire Hathaway, began a week taking a fresh dig at Bitcoin.
Warren Buffett, who earlier this month said he wouldn’t own bitcoin because he doesn’t consider it a store of value or reliable means of exchange, again dismissed bitcoin on Friday.
Warren Buffett, chairman and CEO of investment conglomerate Berkshire Hathaway, began a week taking a fresh dig at Bitcoin.
An anonymous investor bet Bitcoin will surpass Berkshire Hathaway’s stock by 2023, which means Bitcoin will have to appreciate by more than 40 times by that time. If the investor is right, he will win US $888 million.
Warren Buffett, who earlier this month said he wouldn’t own bitcoin because he doesn’t consider it a store of value or reliable means of exchange, again dismissed bitcoin on Friday.