Warren Buffett: I do not wish to be a Bitcoin representative, you understand. Simply beware

in #cryptocurrency6 years ago



JP Morgan's president Jamie Dimon and billionaire financier Warren Buffett are 2 widely known bitcoin bears who, on many celebrations, knocked the flagship cryptocurrency. Throughout a joint interview on CNBC's "Squawk Box," the critics informed financiers to "simply beware."

In the joint interview, CNBC's host asked the 2 Wall Street giants which among them disliked bitcoin more. Buffett, the CEO of Berkshire Hathaway, was the very first one to respond to, stating:

" I set a high requirement. I have no idea whether Jamie can top me or not."
Warren Buffett relatively slams the flagship cryptocurrency whenever he can. In the past, he's called it a "mirage," and argued that purchasing it isn't really investing Furthermore, the billionaire financier specified cryptocurrencies will concern a "bad ending," which bitcoin itself is a "genuine bubble."

Last month, throughout Berkshire Hathaway's yearly investor conference, Buffett and the business's vice chairman Charlie Munger knocked bitcoin While the president compared the cryptocurrency to "rat toxin squared," the vice chairman compared it to "turds," and "dementia."

JP Morgan CEO Jamie Dimon responded to CNBC's concern right after Warren Buffett, specifying:

" I do not wish to be a Bitcoin representative, you understand. Simply beware."
Dimon was especially among bitcoin's most significant critics. In 2015 he called the cryptocurrency a "wild-goose chase," while in 2015 he identified it a "scams." While dealing with reaction, he exposed he regretted his talk about bitcoin, and as its cost grew declared he not wished to speak about it.

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