Bitcoin Is “Probably Rat Poison Squared” – Warren Buffett

News | May 7, 2018 By:

Billionaire investor Warren Buffett has reiterated his negative stance towards bitcoin, likening the most popular cryptocurrency to “rat poison squared.”

Presiding at the Berkshire Hathaway 2018 annual shareholder meeting on Saturday, Buffett reiterated his earlier warning that “cryptocurrencies will come to bad endings.” He said crypto price gains are dependent on more people coming into the market so one holder can sell it to the next at a higher price than they bought it for.