Billionaire investor and CEO and Berkshire Hathaway’s Chairman confirmed Warren Buffett the negative position in regard to cryptocurrencies on annual collection of the company, Saturday, on May, 5. Buffett repeated the idea that cryptocurrencies will come to the “bad finales” assert that Bitcoin (BTC) “probably, square of rat poison”.
In reply to a question about the look of the Buffet’s to the cryptocurrencies lifted by a visitor from Ukraine, “Oracle of Omaha” did another anti-crypto statement. In obedience to Buffet, Bitcoin is not a “productive” asset, unlike the landed or corporate actions. As a result demand of investors on him is an only factor, qualificatory a price, that does digital currency a comfortable instrument for “quacks”, – Buffet said.
An investor-multimillionaire asserted that an association of cryptocurrency was in a “bad finale” since “euphoria wears” out.
Berkshire Hathaway’s Vice Chairman Charlie Munger repeated criticizing of Type for cryptocurrency investments, though in much more hard expressions:
“Someone trades yet, and you decide that I can not be forgotten”.
Before in February of Munger Bitcoin named “fully asinine” and asserted that people participated in cryptocurrency “because all want easy money”.
87-years-old Buffett is known for the scepticism in relation to cryptocurrencies. An investor-multimillionaire repeatedly uttered declaration that Bitcoin is neither currency nor method of investing. In October, 2017 Buffett asserted that Bitcoin had entered the “zone of bubbles” and “gathers to explode”.
On the other hand, some institutional players with large enthusiasm belong to Bitcoin. For example, a bank giant Goldman Sachs began a trade operation in Bitcoin before this week, commenting, that Bitcoin “is not a swindle”.