Warren Buffett warned investors again not to invest in bitcoin. He said Bitcoin is "probably rat poison squared." - Charlie Munger: Trading in cryptocurrencies is "just dementia."
In the world of bitcoin, there are a lot of conflicting opinions. This is especially true when it comes to the bitcoin price, which is always a subject of heavy debate.
Bitcoin is "probably rat poison squared," said Warren Buffett.
Charlie Munger, Berkshire's vice chairman and long-time Buffett collaborator, said during the meeting that trading in cryptocurrencies is "just dementia."
In January Buffett warned investors about the craze over bitcoin and other cryptocurrencies in interview with CNBC.
"In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending," the chairman and CEO of Berkshire Hathaway said then. "If I could buy a five-year put on every one of the cryptocurrencies, I'd be glad to do it but I would never short a dime's worth."