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Warren Buffett has become a major critic of bitcoinm referring to it as a speculative, non-productive asset. He's gone as far as referring to digital assets as "rat poison squared."
Rewind a few months, and Buffett was declaring that cryptocurrencies in general “will come to a bad ending.” Go back several years further, and he was dubbing Bitcoin “a mirage,” arguing that “the idea that it has some huge intrinsic value is just a joke.” Do cryptocurrency investors care what Warren Buffett has to say on the subject? The price is certainly down since his broadside, though as ever it is hard to say what has caused Bitcoin’s latest fluctuations. On Saturday, Bitcoin looked like it could break through the $10,000 barrier for the first time in two months, but since then it has slumped to a current value of around $9,330.
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