‘Rat Poison Squared’: Legendary Investor and Bitcoin Hater Warren Buffett Is Retiring
The post ‘Rat Poison Squared’: Legendary Investor and Bitcoin Hater Warren Buffett Is Retiring appeared on BitcoinEthereumNews.com. In brief Warren Buffett will step down from his role as Berkshire Hathaway CEO at the end of the year. Buffett is an immensely successful investor, but has harshly criticized Bitcoin on multiple occasions. Berkshire Hathaway CEO Warren Buffet announced plans over the weekend to step down at the end of the year, after turning his company into one of the world’s most profitable firms—with a 5,500,000% return on investment since he took the helm. But he never cottoned to Bitcoin, although his stance about the technology behind digital assets softened over time. The 94-year-old Buffett, who made his surprise announcement at Berkshire Hathaway’s annual shareholder meeting, maintained that Bitcoin would never endure as a unit of value, and once famously called Bitcoin “rat poison squared” in a May 2018 interview with CNBC’s “Squawk Box.” He remained skeptical of its usefulness, even after meeting with some of the industry’s most powerful advocates. In a 2018 interview with CNBC earlier in the year, Buffett had said that “cryptocurrencies, generally… with almost certainty… will come to a bad ending.” “When it happens or how or anything else, I don’t know,” he added in an interview from Omaha, Nebraska. “If I could buy a five-year put on every one of the cryptocurrencies, I’d be glad to do it, but I would never short a dime’s worth.” “We don’t own any, we’re not short on any, we’ll never have a position in them,” he added. “I get into enough trouble with things I think I know something about,” he added. “Why in the world should I take a long or short position in something I don’t know anything about?” As recently as 2023, even as the price of the asset had surged to new highs in the years prior, Buffett called Bitcoin a “gambling…
The post ‘Rat Poison Squared’: Legendary Investor and Bitcoin Hater Warren Buffett Is Retiring appeared on BitcoinEthereumNews.com.
In brief Warren Buffett will step down from his role as Berkshire Hathaway CEO at the end of the year. Buffett is an immensely successful investor, but has harshly criticized Bitcoin on multiple occasions. Berkshire Hathaway CEO Warren Buffet announced plans over the weekend to step down at the end of the year, after turning his company into one of the world’s most profitable firms—with a 5,500,000% return on investment since he took the helm. But he never cottoned to Bitcoin, although his stance about the technology behind digital assets softened over time. The 94-year-old Buffett, who made his surprise announcement at Berkshire Hathaway’s annual shareholder meeting, maintained that Bitcoin would never endure as a unit of value, and once famously called Bitcoin “rat poison squared” in a May 2018 interview with CNBC’s “Squawk Box.” He remained skeptical of its usefulness, even after meeting with some of the industry’s most powerful advocates. In a 2018 interview with CNBC earlier in the year, Buffett had said that “cryptocurrencies, generally… with almost certainty… will come to a bad ending.” “When it happens or how or anything else, I don’t know,” he added in an interview from Omaha, Nebraska. “If I could buy a five-year put on every one of the cryptocurrencies, I’d be glad to do it, but I would never short a dime’s worth.” “We don’t own any, we’re not short on any, we’ll never have a position in them,” he added. “I get into enough trouble with things I think I know something about,” he added. “Why in the world should I take a long or short position in something I don’t know anything about?” As recently as 2023, even as the price of the asset had surged to new highs in the years prior, Buffett called Bitcoin a “gambling…
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