.WarrenBuffett is still no fan of $BTC, describing it as a 'gambling token' in a CNBC interview on Wednesday. By JamieCrawleyCD
, the Berkshire Hathaway chairman and CEO said bitcoin"doesn't have any intrinsic value ... but that doesn't stop people from wanting to play the roulette wheel."
Commenting on gambling in general, Buffett said:"The urge to participate in something that looks like easy money is a human instinct which was always there."as"probably rat poison squared" in 2018. His top deputy, Berkshire Hathaway's vice chairman Charlie Munger, has been even more outspoken over his disdain for cryptocurrency over the years,"It's a gambling contract with a nearly 100% edge for the house, entered into in a country where gambling contracts are traditionally regulated only by states that compete in laxity," Munger wrote in an opinion piece for the Wall Street Journal."The U.S. should now enact a new federal law that prevents this from happening.
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