Warren Buffet told reporters at Berkshire Hathaway's annual meeting in Omaha, Nebraska that he still couldn't support bitcoin.
"It's a gambling device there's been a lot of frauds connected with it. There's been disappearances, so there's a lot lost on it. Bitcoin hasn't produced anything," he said.
"It doesn't do anything. It just sits there. It's like a seashell or something, and that is not an investment to me."
Buffet also pointed to a button on his jacket and said that he could call it a token and charge $1,000 for it, wrote CNBC. "What I'll have here is a little tokenI'll offer it to you for $1,000, and I'll see if I can get the price up to $2,000 by the end of the day But the button has one use and it's a very limited use," he said.
Buffet has previously stated that bitcoin is a "Delusion" but that blockchain is ingenious.
Last year he called it "Rat poison squared" and said it was a nonproductive asset.
When asked at this month's meeting if he'd ever be involved in the technology, he replied: "I wouldn't be the person to be a big leader in blockchain."
Buffet Calls Bitcoin a 'Gambling Device'
Publicado en May 6, 2019
by Coindesk | Publicado en Coinage
Coinage
Mencionado en este artÃculo
Noticias recientes
Ver todo
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.