Warren Buffett: Bitcoin Is A Delusion

Warren Buffett, the renowned investor, has consistently expressed skepticism towards Bitcoin and cryptocurrencies, labeling them as valueless, speculative, and a "delusion that lures con artists". Buffett contends that Bitcoin lacks inherent value, fails to generate anything tangible, and is essentially a gamble contingent on someone else paying a higher price in the future. He has drawn parallels between Bitcoin and the tulip mania of the 1600s, asserting that "all you're relying on is whether the next person will pay you more because they're even more enthused about another subsequent person joining the fray."