What did Warren Buffett say about Bitcoin?

Warren Buffett has been one of Bitcoin's most vocal critics. At the 2018 Berkshire Hathaway shareholder meeting, he called Bitcoin "probably rat poison squared," and told CNBC that cryptocurrencies would "come to a bad ending." He has since described Bitcoin as "a gambling token" with no intrinsic value, comparing it to a roulette wheel, and at the 2022 shareholder meeting said he wouldn't accept all the Bitcoin in the world for $25, because it "doesn't produce anything."

What does Bill Gates think of Bitcoin?

Bill Gates has been broadly skeptical of Bitcoin. He has called crypto and NFTs "100% based on greater fool theory" — the idea that overvalued assets only go up when there are enough investors willing to pay more for them — and said he prefers investments like farms or companies that produce actual output. He has also warned average investors about Bitcoin's volatility, saying "if you have less money than Elon, you should probably watch out." That said, Gates has distinguished Bitcoin from digital currency more broadly, supporting regulated digital money as a tool for financial inclusion — particularly in poorer countries.

Chelsea Gregori, Public Relations Specialist at Finder

Chelsea Gregori

Public Relations Specialist

Chelsea Gregori was a PR Specialist at Finder, where she enjoyed the ebb and flow of data storytelling, relationship building and link building. Chelsea is passionate about creating content that provides valuable resources to empower the people around her to make the most informed personal finance decisions. Prior to Finder, Chelsea managed the musical duo Well Worn Soles, booking venues and festivals across the Southeast. She also managed her personal homesteading blog, Grow Where You Sow, creating content to guide individuals looking for a slower, more financially savvy lifestyle. When she isn’t diving into the world of digital and traditional PR, she’s hang drying laundry, milking goats, growing gardens, humanely raising happy livestock, making mayonnaise and contributing to a 50-acre subsistence agricultural farm and community.

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