By CCN: Turns out 88-year-old Warren Buffett isn’t warming up to crypto after all. Speaking at what’s been dubbed the “Woodstock of Capitalism”, the billionaire investor told shareholders in Berkshire Hathaway how he really feels about bitcoin. His company’s annual shareholder event is being held in Omaha today, and he just couldn’t resist lamenting the digital currency that he just doesn’t understand. Buffett reportedly stated: “It’s a gambling device… there’s been a lot of frauds connected with it. There’s been disappearances, so there’s a lot lost on it. Bitcoin hasn’t produced anything.” At least Buffett didn’t call it “rat poison
The post Warren Buffett: ‘Gambling Device Bitcoin Hasn’t Produced Anything’ appeared first on CCN
source https://www.ccn.com/warren-buffett-gambling-bitcoin
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