Bitcoin Forum

Warren Buffett: Bitcoin is "rat poison in the box" What do you think?

Is this a Buffett PR?

First of all I didn’t expect this kind of comment from a wise man like Warren Buffett. I think he don’t know about the past records of bitcoin for this reason he can’t see its future. Bitcoin is a digital currency and in coming future it will rule the world market.

Bitcoin surley entered the stage where it acts like a bubble. And it comes as no surprise that people with huge sums of money say things like this one. First of all Buffet is wise enough and this is how he build what he has built. First things first guy goes for sure things and he likes to risk but not that much as with bitcoin for instance. He invested in bussninees his whole life and he is good at it, all humans can be wrong. But he surley is right on one thing that this could go downhill and some poeple can panic sell and lose.

I am really surprised to hear this type of thing from a great personality like Warren Buffet. I really cant believe that he has said it. Its really shocking. It coin is very helpful and useful. I hope someday he will realize it as itt is helping many people financially.

Why would btc be " rat poison in the box" ? Btc proved its worth from time to time. It now ranks 1st among all cryptocurrency out there.

Rat poison in the box ?? really ?? Warren Buffett is a very big name, and also a sensible person, it makes me sad when these big people talks like this. common man. we want these peoples support. ???

He's got a vested interest in keeping fiat the dominator in currency, of course he's going to spread as much FUD about crypto as possible using whatever influences he has at his disposal.

I think that it is not important what he has to say about crypto. He has been against Bitcoin from the get go and one of the big reasons for him to dislike it is that it is new technology and new market that he doesn't know how to control.

Every person have their own opinion but can’t agree with him. Right now bitcoin is the fastest growing cripto currency in the world and its popularity are also increasing.

I have read the news but for creating a thread assuming that every members of the forum have read the same NEWS, I think this is a lousy post. @OP next time when you create a thread, try to be as informative as you can so all readers could find the thread a source for such topic.

He has an unquestionable record but he is getting old and he knows that Blockchain is putting his portfolio in question. He has to invest such large amounts of money, that of course Berkshire is also heavily invested in the banking and financial sector. He is scared and I do understand it. He knows what is up and that blockchain is disruptive but he is just not in a super flexible position. If you have to invest that much money you can not be super flexible at the same time.

Someone answered on twitter that if this is true the banksters are the rats.

He has rights to say his opinion it doesn’t matter on those people believing what the cryptocurrency do to our financial system. He’s may be jealous because he didn’t anticipate the earlier success of crypto. We cannot blame him because he’s a businessman all he wants to do is earn and this time around he was absent and some are successful.

This kind of statement is made just to spread FUD among people. This are totally baseless and will suggest all to not to pay heed to all this non-sense.

Warren Buffett is very clever investor. I think that the similar statement he can provoke falling of a rate of bitcoin that it is more favorable to buy it.

I would say that he’s entitled to his own opinion and that I personally disagree. I think bitcoin, crypto currency and Blockchain all have a bright future. There are bad apples and scammers in the space but that is no different than any other financial space. Buffet has been consistently anti-bitcoin and it’s understandable since it is an unstable, risky investment and that’s not where he’s at right now.

I think he didn't understand the worth of bitcoin yet. I bet, after few years he'll change his persception. Bitcoin price has increased its price than before and the growth and advancement of it is also increasing. So, i this one day will come that Warren himself will pay through bitcoin. :)

I am really shocked at the comment done by Warren Buffett. I know him a very well speculative person. But this time i found irrelevant. People are being more interested day by day. And this time this tyoe of comment make negative effect in market.

Buffett invests in old school companies like Washinton Post, he missed the last big wave, cloud and has zero holdings in Salesforce, Amazon or Netflix to name just a few. What makes him competetent to talk about the latest and probably most innovate and transformative tech since the internet? Besides he disinherited one of his family members only because the girl was more interested in art than in business. Buffett is rather a box of poison himself.

What I think is that, its is his comment and he is entitled to it. If he likes he should call it something worse, it does not change the anything other than the fact that price has dropped now, and it will rise again with or without his comments. What we are seeing is as a result of mere coincidence. Comments like this are only attacking a myopic part which is the currency, and so far the entire blockchain is still valid, it remain a tide that would still settle.

He has a personal stake in keeping fiat the dominator in cash, obviously he will spread however much FUD about crypto as could be expected utilizing whatever impacts he has available to him.

Warren Buffet doesn't understand the technology behind Bitcoin. He's a brilliant investor. He sees everything from that angle. However, you must realize BTC has an actual purpose whereas ponzi schemes don't have any purpose at all. They are only meant to enrich the founders where as Bitcoin is based on the Blockchain and serves as a legitimate form of currency.

Warren Buffett is not to be blamed. He is a man of honor and he has built something good and worthwhile for himself. You cant give what you don't have. Firstly, you cant give what you don't have, Buffett lacks the in-depth Knowledge of how the Blockchain works and has no confidence in the Technology. Lastly, i will conclude by saying, Adoption of cryptocurrency amaze him and counter his quote.

Did he make an explanation like this, seriously? Obviously, i am surprised. He is a wise man, especially in the field of economy. I did not expect this kind of explanation from him. I guess, he couldn't understand value and importance of Bitcoin. :)

Does that mean it is meant to keep away the rats!!! ??? I seriously wonder why quotes, with or without context, are taken so seriously, even though lacking the expertise, experience or knowledge in that particular field, or too jaded to have the openness to something new.