Warren Buffett Calls Bitcoin a “Gambling Token” With No Intrinsic Value As the Crypto Surges to Trade Near 10-Month Highs

Markets Insider2023-04-13

Warren Buffett called bitcoin a "gambling token" with zero value on Wednesday as the cryptocurrency traded near 10-month highs.The Berkshire Hathaway chairman and CEO ratcheted up his fiery crypto ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2327921759?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-04-13 14:06","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2327921759","market":"us","top_or_hot":-1,"title":"Warren Buffett Calls Bitcoin a “Gambling Token” With No Intrinsic Value As the Crypto Surges to Trade Near 10-Month Highs","media":"Markets Insider","content":"<div>\n<p>Warren Buffett called bitcoin a \"gambling token\" with zero value on Wednesday as the cryptocurrency traded near 10-month highs.The Berkshire Hathaway chairman and CEO ratcheted up his fiery crypto ...</p>\n\n<a href=\"https://markets.businessinsider.com/news/currencies/warren-buffett-bitcoin-gambling-token-crypto-market-outlook-berkshire-hathaway-2023-4\">Source Link</a>\n\n</div>\n","source":"marketsinsider","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett Calls Bitcoin a “Gambling Token” With No Intrinsic Value As the Crypto Surges to Trade Near 10-Month Highs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett Calls Bitcoin a “Gambling Token” With No Intrinsic Value As the Crypto Surges to Trade Near 10-Month Highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-13 14:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://markets.businessinsider.com/news/currencies/warren-buffett-bitcoin-gambling-token-crypto-market-outlook-berkshire-hathaway-2023-4><strong>Markets Insider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Warren Buffett called bitcoin a \"gambling token\" with zero value on Wednesday as the cryptocurrency traded near 10-month highs.The Berkshire Hathaway chairman and CEO ratcheted up his fiery crypto ...</p>\n\n<a href=\"https://markets.businessinsider.com/news/currencies/warren-buffett-bitcoin-gambling-token-crypto-market-outlook-berkshire-hathaway-2023-4\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BTC","symbol_name":"Grayscale Bitcoin Mini Trust","start_time":0,"source_url":"https://markets.businessinsider.com/news/currencies/warren-buffett-bitcoin-gambling-token-crypto-market-outlook-berkshire-hathaway-2023-4","article_id":"2327921759","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2327921759","pubTimestamp":1681365961,"sourceInfo":{"source_id":"marketsinsider","name":"Markets Insider"},"weMediaInfo":null,"summary":"Warren Buffett called bitcoin a \"gambling token\" with zero value on Wednesday as the cryptocurrency ","collect":0,"end_time":0,"defaultTopTitle":"businessinsider.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BTC":"Grayscale Bitcoin Mini Trust","BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"translate_title":"沃伦·巴菲特称比特币是一种没有内在价值的“赌博代币”，因为这种加密技术的交易价格飙升至接近10个月高点","themeId":"0539bb5e8d044e579b92bd984ea49807","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BRK.A":0.9,"BRK.B":0.9,"BTC":0.9,"MBTmain":0.9},"content_text":"Warren Buffett called bitcoin a \"gambling token\" with zero value on Wednesday as the cryptocurrency traded near 10-month highs.The Berkshire Hathaway chairman and CEO ratcheted up his fiery crypto commentary, describing investing in digital assets as akin to spending time at a casino.\"It doesn't have any value, but that doesn't stop people from wanting to play a roulette wheel,\" the 92 year old told CNBC in an interview.Crypto markets have experienced a broad upswing recently. Bitcoin and ethereum are up 61% and 35%, according to Messari, but still roughly 56% and 36% below their all-time highs hit in November of 2021.Price action in crypto can be volatile, and markets have been especially sensitive to speculation around the US central bank's monetary policy tightening, as risk assets like crypto have sold off heavily in face of higher interest rates. \"[You could] spend the rest of your life spinning around the roulette wheel because they feature the winners and people get excited about it,\" Buffett said. \"[But] that's why the slot machines make a lot of noise without paying out.\"People have an instinct to gamble, Buffett says, which causes investors to flock to crypto. He said allocating to the asset class simply \"eats up your money.\"\"The urge to participate in something [that] looks like easy money is a human instinct,\" he added. \"I've always wanted to get rich slow and I have a lot of fun along the way.\"","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":12,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2327921759"}