Warren Buffett on Bitcoin: Worthless, Delusion, Rat Poison . Finance Expert Reacts.

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manihar.abdullah
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In this video, I cover Warren Buffett's stated views on Bitcoin (BTC). I also show two interviews in which Warren Buffett has ennunciated his views. Buffett has asserted that Bitcoin has no intrinsic value and has likened Bitcoin to a delusion and to rat poison. I analyze his underlying arguments.

Buffett's arguments are several fold: Bitcoin is too volatile and has too high transactions costs to be a currency. Even if it were a currency, this itself does not give Bitcoin intrinsic value as it does not produce something of worth. Thus, it is not widely accepted, and it is not a useful store of value.

#Bitcoin #BTC #WarrenBuffett #Buffett

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Crypto Trading
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