Billionaire investor Warren Buffett described bitcoin (BTC) as a “gambling token” in an interview with CNBC on Wednesday.
Echoing the dour opinion of the cryptocurrency that he has aired in the past, the Berkshire Hathaway (BRK.A) chairman and CEO said bitcoin “doesn’t have any intrinsic value … but that doesn’t stop people from wanting to play the roulette wheel.”
Commenting on gambling in general, Buffett said: “The urge to participate in something that looks like easy money is a human instinct which was always there.”
Source: Berkshire Hathaway’s Warren Buffett Calls Bitcoin a ‘Gambling Token’
