What does Warren Buffett think about crypto?

Warren Buffett has truly been one of the most consistent critics of cryptocurrencies.

By his definition, Bitcoin is “probably rat poison squared,” and the cryptocurrency market is a place where “dubious individuals are trying to screw over people who dream of getting rich by looking at their neighbors who got rich by buying stuff none of them know anything about.”

“People start being interested in something because it’s going up, not because they understand it or anything else. But the guy next door, who they know is dumber than they are, is getting rich, and they aren’t,” he said. “And their spouse is saying, Can’t you figure it out, too? It is so contagious. So, that’s a permanent part of the system.”

Not the most optimistic reasoning, is it?

But let’s not forget that Buffett, although a great investor, is still a human being, who, by the way, has also made big mistakes in analyzing assets in his career (just like all of us).

The reality is that many reputable economists, entrepreneurs, and investors believe in the bright future of our industry 💪😎🚀#opbnb #ETH #crypto2023 #BTC #Layer2