5 years ago
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Buffett bashes bitcoin as thriving on mystique, favours stocks
Billionaire investor Warren Buffett on Monday said buyers of bitcoin, which he has characterized as “rat poison squared,” thrive on the hope they’ll find other people who will pay more for it.
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https://www.reuters.com
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Now I don't disagree that bitcoin is gambling, but the same could be argued for the stock market. I definitely don't agree that the market isn't in a bubble. But, I view this more like the cacao farmer claiming that he would choose chocolate over vanilla every time, of course, he would he's growing the damn chocolate.