Bitcoin is a "gaming device," says billionaire investor Warren Buffett

Billionaire investor Warren Buffet, CEO of Berkshire Hathaway, recently revealed that his position on cryptocurrency had not changed, as he claimed that bitcoin was a "gambling device" that produced nothing.

Speaking on Liz Claman of ToFox Business, billionaire investors have noted that bitcoin "does nothing" and, as such, is "like a seashell of something, it's not an investment for me". His words echo his global investment strategy. is investing in companies that generate income.

In the past, Buffett said that gold did not produce as well, although the investor did not criticize the precious metal as much as the flagship cryptocurrency. His latest comments came at Berkshire's annual meeting of shareholders in Omaha, Nebraska. He added:

People will create a natural gazillion. There has been a lot of fraud related to them; there were disappearances. So there are many things that have been lost. Bitcoins did not produce anything.

Claman then asked Buffett that if his price increased after his purchase, he would have "done something questionable". Buffett used his button as a metaphor, claiming that if his price would increase or not, he always had one, his use very limited. at the end of the day.

Notably, Buffett added that anyone he knows who understand cryptocurrency and blockchain technology believe that the blockchain is "very big" but does not necessarily need BTC. He used JPMorgan Chase, who recently launched his own cryptocurrency, as an example.

Notably, Buffett and Jamie Dimon, CEO of JP Morgan Chase, told investors last year to just beware of bitcoin. Last year, Charlie Munger, vice president of Buffs and Berkshire, slammed the cryptocurrency, comparing it to "turds" and "dementia".

Earlier this year, the Omaha Oracle said in an interview with CNBC that bitcoin was an "illusion" that "attracted charlatans". At the time, he had also stated that he considered bitcoin as "no single value" and produce a