Financier Warren Buffett has been criticizing bitcoin since 2017, that is, from the time when the cryptocurrency first made itself known loudly.
In February 2020, the CEO of Berkshire Hathaway stated that BTC and other virtual currencies have no collateral. Buffett emphasized that he would never have such assets in his portfolio.
The billionaire made the same statement recently on CNBC. He once again noted the lack of real security for bitcoin.
Buffett has confirmed that he will not buy the cryptocurrency, despite the fact that its value has increased by more than 80% this year alone.
The financier called BTC a gamble.
People investing in this instrument should be aware of all the potential risks and be prepared for the loss of funds.
Buffett’s deputy Charlie Munger is also critical of cryptocurrencies.
At the beginning of 2023, he called on the US government to ban bitcoin altogether, that is, to follow the example of China, which obliged companies and banks to stop trading in digital currencies.
