Warren Buffett Criticizes Bitcoin, Believes It’s Still to Be a ‘Rat Poison’

Buffett stated at a Berkshire Hathaway annual shareholder meeting that cryptocurrency is not a productive asset that produces anything tangible.

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The successful investor bashes Bitcoin again and claims that he "wouldn't take" all of the cryptocurrency for merely $25.

Warren's statement read “If you told me you own all of the Bitcoin in the world and you offered it to me for $25 I wouldn’t take it because what would I do with it?”

Warren Buffett Criticizes Bitcoin, Believes It’s Still to Be a ‘Rat Poison’

Buffett stated at a Berkshire Hathaway annual shareholder meeting that cryptocurrency is not a productive asset that produces anything tangible.

The successful investor bashes Bitcoin again and claims that he "wouldn't take" all of the cryptocurrency for merely $25.

Warren's statement read “If you told me you own all of the Bitcoin in the world and you offered it to me for $25 I wouldn’t take it because what would I do with it?”

He says that while he has no idea whether the value of BTC would rise in the future, but he is certain that "it produces nothing."