In the news that should surprise no one, billionaire investor Warren Buffett has once again cast a tune on Bitcoin (BTC) and its associated cryptocurrency market.
& # 39; It attracts Charlatans & # 39;
The famous American business magnate told CNBC's Becky Quick on Monday's "Squawk Box":
Bitcoin has no unique value at all. It's a delusion, basically. […] It attracts charlatans. If you do something fake by going out selling yo-yos or something, there's no money in it ̵1; but when you get into Wall Street, it's big money.
Of course, this is not Buffet's first staff of the first and, above all, cryptocurrency, who has previously called it "rat poison square" and various other headline-worthy but unfounded insults.
Moreover, as is often the case with prominent nocoin executives, Buffett was not shy of mentioning that blockchain technology is good "width =" 980 "height =" 613 "/>
& # 39; There is no greater clutter than Warren Buffett & # 39;
It did not take long for Bitcoin bull Max Keizer to burn back at Warren Buffett, the magnate shared his annual letter with Berkshire Hathaway shareholders.
In reference to Berkshire Hathaway's practice of buying back his own company to inflate prices, Keizer stated:
Buffett's scams are innumerable and dating back decades […] It's pure fraud.
Keizer admitted that Buffett is right in terms of Bitcoin (BTC) as "rat poison". He explained:
He is right. And there's no bigger rat than Warren Buffett. The world is waking up. Ponzi's arrangements of Buffett are revealed and the masses move to hard money like bitcoin and gold.
What do you think of Warren Buffet's latest dismissal of Bitcoin and Max Keizer claiming that the US business magnate is a fraud and a rat? Please let us know what you think in the comments below!
Pictures courtesy of flickr, Bitcoinist archives.