Warren Buffett's Views on Bitcoin, Banks, and Succession
TL;DR Summary
Warren Buffett, CEO of Berkshire Hathaway, called Bitcoin a "gambling token" with no intrinsic value, but sympathized with people hoping to get rich quick off it. Bitcoin was trading at over $30,000 on Thursday, having started the year at below $17,000. Buffett and his vice chairman Charlie Munger have a long record of bashing Bitcoin, with Munger calling for the US to ban cryptocurrencies altogether. Despite this, Bitcoin bulls continue to predict massive surges in the coin's value.
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