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Buffett's Last Rant Before Retirement: 'Bitcoin is Rat Poison, Fight to the Bitter End!'
At 94, stock god Buffett announced his retirement at the shareholders' meeting, ending a 55-year Berkshire legend. However, what shocked people the most were his harsh words about Bitcoin before retirement.
Since 2018, Buffett has bluntly stated that Bitcoin is 'doomed to fail' and has repeatedly referred to it as a 'gambling chip'. He even used the label 'Bitcoin rat poison' to define his stance on cryptocurrencies. To this day, such remarks continue to make headlines.
Despite his strong criticism of Bitcoin, he has praised blockchain technology. This is similar to Jamie Dimon of JPMorgan and Larry Fink of BlackRock—they acknowledge the technology's potential but are firmly pessimistic about coin prices. Today, however, BlackRock is quietly pushing for a Bitcoin ETF.
Buffett has always avoided gold and oil, preferring 'real assets' like Coca-Cola and Apple. His conservative investment philosophy undoubtedly influences his views on the crypto market. Nevertheless, in 2016, at the age of 70, he fully bet on Apple, successfully making this tech giant a core asset of Berkshire.
The most ironic thing is that while Buffett repeatedly criticizes Bitcoin, the technology of Vitalik Buterin and Satoshi Nakamoto is driving the digital currency revolution, and even Ethereum's blockchain technology is redefining the world computer. With the rise of Bitcoin ETFs, will Buffett feel a tinge of regret for missing out on this wave of dividends?
At 94, stock god Buffett announced his retirement at the shareholders' meeting, ending a 55-year Berkshire legend. However, what shocked people the most were his harsh words about Bitcoin before retirement.
Since 2018, Buffett has bluntly stated that Bitcoin is 'doomed to fail' and has repeatedly referred to it as a 'gambling chip'. He even used the label 'Bitcoin rat poison' to define his stance on cryptocurrencies. To this day, such remarks continue to make headlines.
Despite his strong criticism of Bitcoin, he has praised blockchain technology. This is similar to Jamie Dimon of JPMorgan and Larry Fink of BlackRock—they acknowledge the technology's potential but are firmly pessimistic about coin prices. Today, however, BlackRock is quietly pushing for a Bitcoin ETF.
Buffett has always avoided gold and oil, preferring 'real assets' like Coca-Cola and Apple. His conservative investment philosophy undoubtedly influences his views on the crypto market. Nevertheless, in 2016, at the age of 70, he fully bet on Apple, successfully making this tech giant a core asset of Berkshire.
The most ironic thing is that while Buffett repeatedly criticizes Bitcoin, the technology of Vitalik Buterin and Satoshi Nakamoto is driving the digital currency revolution, and even Ethereum's blockchain technology is redefining the world computer. With the rise of Bitcoin ETFs, will Buffett feel a tinge of regret for missing out on this wave of dividends?