Cryptonews

Warren Buffett calls bitcoin a "gambling token"

Photo by André François McKenzie / Unsplash

In an interview with US broadcaster CNBC, 92-year-old investor Warren Buffett said that bitcoin is a "gambling token".

He compared BTC to gambling and questioned the intrinsic value of the coin:

"BTC has no intrinsic value, but that doesn't stop people from wanting to gamble on the roulette wheel. The desire to participate in something that looks like easy money is a human instinct that has always existed."

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