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He similarly hit out at the valuation of investment products such as derivatives, which are contracts warrsn to the expected mourning after news of his gold, oil or company stocks.
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Warren Buffett: Bitcoin Is An Asset That Creates Nothing - CNBCBillionaire Warren Buffett memorably described Bitcoin as �rat poison squared� during a shareholder meeting in April While the billionaire investor has not bought cryptocurrencies and has continued to speak out against them, he does own shares of a company that has bet on Bitcoin and other leading cryptocurrencies. Buffett said of Bitcoin, �The urge to participate in something where it looks like easy money is a human instinct which has been unleashed.�.
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