Warren Buffett says bitcoin is ‘probably rat poison squared’

The Oracle of Omaha reiterated his negative view on the cryptocurrency, according to CNBC’s Becky Quick.

Bitcoin is “probably rat poison squared,” he said. Buffett is presiding at the Berkshire Hathaway 2018 annual shareholder meeting on Saturday.

In January Buffett warned investors about the craze over bitcoin and other cryptocurrencies in interview with CNBC.

“In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending,” the chairman and CEO of Berkshire Hathaway said then. “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.”

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About jerrytolle

Jerry Tolle worked in Corporate America for 30 years with the same company, he then made the decision to leave in 2011 to start working on his own; allowing him to have the opportunity to continue working on his own building a large social media network of business with his marketing company, building business relationships and a wealthy book of business. While working full time, Jerry was able to start his first direct sales company in 2004, 5 years later in 2009 he started 2 real estate investment companies. Once he left Corporate America in 2011 Jerry decided to build 3 more businesses. Having no investors or funding he dedicated his time and personal funds to create 6 successful businesses to carry him through retirement and beyond creating a financial legacy for his children & grandchildren. Jerry currently has 10+ streams of income that pays him 5 figures monthly. Jerry is married with 4 children, 6 grandchildren and loves helping others. He is dedicated to building other businesses and entrepreneurs such as himself with his Social Media expertise and experience, Real Estate investing companies and business building techniques. Jerry is a Graduate of Carl Albert High School, attended Rose State College, a Business Owner, Entrepreneur, and is Business Certified. Jerry's hobbies include collecting sports memorabilia, fast sports cars, riding his Harley and spending time with his family.
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