Warren Buffett Calls Bitcoin (BTC) a Gambling Token in Latest Crypto Criticism

Warren Buffett, one of the most successful investors in history, has once again criticized Bitcoin, labeling it a “gambling token.” This isn't the first time the Berkshire Hathaway CEO has voiced his skepticism about the cryptocurrency, and his recent comments have reignited the debate about Bitcoin's true value.

During a recent interview with CNBC’s Squawk Box, the Berkshire Hathaway CEO and chairman labeled Bitcoin a “gambling token.” He claimed that people go after Bitcoin Warren Buffett doesn’t see much value in Bitcoin, despite its recent price rise. The Berkshire Hathaway boss sympathizes, however, with people hoping to get rich quick.

In an interview Wednesday with CNBC, one of the most successful investors in the world known as the “Oracle of Omaha” took the opportunity to take another shot at Bitcoin, this time calling Warren Buffett vuelve a hacerlo, comparando las criptomonedas con las apuestas deportivas, las cartas en cadena y las ruedas de la ruleta en su última ronda de Bitcoin bashing. Warren Buffett called bitcoin a gambling token with zero value on Wednesday as the cryptocurrency traded near 10-month highs. The Berkshire Hathaway Billionaire investor Warren Buffett described bitcoin (BTC) as a gambling token in an interview with CNBC on Wednesday.

Buffett's main argument revolves around Bitcoin's lack of “intrinsic value.” He compares it to gambling, likening crypto to sports betting, chain letters, and roulette wheels in his latest round of Bitcoin bashing.

While Bitcoin's price has seen recent gains, Buffett remains unconvinced. His stance highlights the contrasting views on cryptocurrency, with some seeing it as a revolutionary technology and others, like Buffett, viewing it as a speculative asset with inherent risks. Whether you agree with Buffett or not, his comments serve as a reminder to approach the crypto market with caution and informed decision-making.