Warren Buffett has blasted bitcoin again, calling it a “delusion.” Speaking on CNBC’s Squawk Box, he said: “Bitcoin has no unique value at all. It doesn’t produce anything. You can stare at it all day and no little bitcoins come out. It’s a delusion basically.” Buffett, one of the world’s richest men, praised blockchain and its technology, saying “It’s a very ingenious thing to figure out how to have a limited supply and make it harder and more expensive to create.” But the ‘Oracle of Omaha’ admitted he knows very little about the technology: “This is explained to me by
The post Billionaire Warren Buffett Remains Clueless About Bitcoin, Calls It ‘Delusional’ appeared first on CCN
Author: CryptoCoinsNews.com
Leave a Reply