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One of the most successful investors and the billionaire, Warren Buffett, called Bitcoin «rat poison in the square». This was reported by the Independent.
At the fifth annual shareholders meeting, the head of Berkshire Hathaway, Warren Buffett, expressed his opinion on cryptocurrency. According to Buffett’s comment, unlike real estate or shares of companies, virtual currency has no real value and attracts only «rogues». In addition, Buffett does not intend to invest into the cryptocurrency. He is sure that the virtual currency «will end badly».
At the beginning of 2018, long-time assistant to Buffett, Charlie Munger, called the trade in cryptocurrency «insanity».
As «The Journalist» reported, according to co-founder and chief analyst of Fundstrat Global Advisors, Tom Lee, the cost of Bitcoin can grow up to 2-3 times.
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