Warren Buffet

Latest Crypto Criticism from Warren Buffett Refers to Bitcoin (BTC) as a "Gambling Token"

By Crypto X Trends | Cryptonyite | 12 Apr 2023


Warren Buffett, a renowned investor, has criticized Bitcoin once again, referring to it as a "gambling token." During a recent appearance on CNBC's Squawk Box, he stated that Bitcoin has no intrinsic value but acknowledged that investors still want to invest in it. 

Buffett's perspective on investing seems to be rooted in his perception of value, and he sees digital assets like Bitcoin as speculative in nature, making it a risky investment.

His comments come at a time when Bitcoin is performing incredibly well, with an increase of more than 80% so far this year. Nevertheless, Buffett's right-hand man, Charlie Munger, shares similar views on cryptocurrency, warning investors to stay away from it.

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