VIDEO: Warren Buffett Blisters Bitcoin — “No Unique Value at All”
Thursday, February 28, 2019
Berkshire Hathaway’s Warren Buffett is continuing his bitcoin criticism.
"Bitcoin has no unique value at all," Buffett told CNBC's Becky Quick in a "Squawk Box" interview Monday. "It is a delusion, basically."
According to CNBC, the legendary investor said in the interview he is sympathetic to optimists who bought the world's largest cryptocurrency in hopes that "it would change their lives." Bitcoin has lost more than 80 percent of its value since reaching a high near $20,000 at the end of 2017. The cryptocurrency was trading near $3,781 on Monday, according to CoinDesk.
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