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Buffett: Bitcoin Has 'No Unique Value'

Thursday, Feb 28 2019

Cryptocurrency

Written by FinTech News Brief Staff

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Buffett: Bitcoin Has 'No Unique Value'

Warren Buffett, a billionaire investor and CEO of Berkshire Hathaway, slammed the world’s most valuable cryptocurrency in a recent interview, claiming it’s a delusion and “attracts charlatans.” So reports CNBC.

Buffett added he does believe there is potential in the underlying blockchain technology, but said that is a separate matter from the value of the cryptocurrency. Among some other notable critics of bitcoin are Bill Gates, Robert Shiller, Nouriel Roubini and fund managers Howard Mark and Ray Dalio.

Read the full story from CNBC.

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