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Warren Buffett: “Bitcoin is a delusion and attracts charlatans”
Warren Buffett: “Bitcoin is a delusion and attracts charlatans”
Bitcoin

Warren Buffett: “Bitcoin is a delusion and attracts charlatans”

By Amelia Tomasicchio - 25 Feb 2019

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Once again the billionaire Warren Buffett returns to speak ill of bitcoin, calling it a delusion and attractive only to charlatans.

In an interview with CNBC, in fact, Buffett reports:

“Bitcoin has no unique value at all. It is a delusion, basically.”

Also during the interview, Buffett continued:

It attracts charlatans. If you do something phoney 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 Warren Buffett has taken sides against bitcoin. Previously, in 2018, he defined bitcoin as “probably rat poison squared”.

At the time Genesis Mining had replied to the words of the US entrepreneur by installing billboards that said:

“Warren: you said you were wrong about Google and Amazon. Maybe you’re [also] wrong about Bitcoin?”

Amelia Tomasicchio
Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for Cointelegraph and CMO at Eido. She is now the co-founder and editor-in-chief of The Cryptonomist.

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