VIDEO: Warren Buffett Blisters Bitcoin — “No Unique Value at All"
GoLocalProv Business Team
VIDEO: Warren Buffett Blisters Bitcoin — “No Unique Value at All"
Berkshire Hathaway’s Warren Buffett is continuing his bitcoin criticism.
"Bitcoin has no unique value at all," Buffett told CNBC's Becky Quick in a "Squawk Box" interview Monday. "It is a delusion, basically."
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTAccording to CNBC, the legendary investor said in the interview he is sympathetic to optimists who bought the world's largest cryptocurrency in hopes that "it would change their lives." Bitcoin has lost more than 80 percent of its value since reaching a high near $20,000 at the end of 2017. The cryptocurrency was trading near $3,781 on Monday, according to CoinDesk.