Warren Buffett has blasted bitcoin once again. He had initially stated that cryptocurrencies would come to a bad ending and likened BTC to ‘rat poison squared’ during a period where virtual markets are experiencing healthy growth.
Warren Buffet, CEO of Berkshire Hathaway launched the scathing attack on BTC in the course of a shareholders meeting in Omaha, Nebraska.
He stated: “Cryptocurrencies will come to a bad ending.
“It essentially will not deliver anything other than supposed scarcity.”
However, the comments from the billionaire are coming when the prices of bitcoin are surging. Bitcoin is currently trading at 9,427.96 US dollars.
The cryptocurrency has suffered a severe slump since it reached a whopping figure of almost 20,000 US dollars back in December, but it appears to be pushing towards the 10,000 US dollars price mark.
Meanwhile, Buffet is one that has not been shy about expressing his skepticism for cryptocurrencies. Earlier this year, he warned that the crypto empire would suffer a bad ending, but provided no answers in when the supposed crash would occur.
He said: “In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending.
“When it happens or how or anything else, I don’t know.”
Warren Buffet also admitted that he does not own any cryptocurrencies.
He added: “I get into enough trouble with things I think I know something about.
“Why in the world should I take a long or short position in something I don’t know anything about?”