14 March 2014

Warren Buffett Urges Investors to ‘Stay Away’ from Bitcoin

Renowned investor and Berkshire Hathaway CEO Warren Buffett spoke out about bitcoin for the second time in as many weeks, calling the digital currency “a mirage” in an interview with CNBC on 14th March.


The comments follow Buffett’s first statements on bitcoin on the network on 3rd March, when he suggested that bitcoin was not a currency, writing it off as a passing fad.


Buffett was similarly dismissive of bitcoin again in his latest interview, at least as an investment opportunity, advising investors to “stay away from it”. He added: “It’s a mirage basically.”


Continue reading at CoinDesk


March 14, 2014 at 05:42PM