Rat Poison Squared: Legendary Investor and Bitcoin Hater Warren Buffett Is Retiring
Warren Buffett, the CEO of Berkshire Hathaway, has announced plans to retire at the end of the year after a successful tenure that saw a remarkable 5,500,000% return on investment. Throughout his career, Buffett has been a vocal critic of Bitcoin, famously referring to it as 'rat poison squared' during a 2018 CNBC interview. Despite a slight softening of his stance on the technology behind digital assets, he has consistently dismissed Bitcoin as a viable form of value. In more recent remarks, he called Bitcoin a 'gambling token' and criticized investors for seeking 'easy money.' While Buffett has acknowledged the significance of blockchain technology, he remains skeptical about Bitcoin’s long-term potential, viewing it as lacking intrinsic value. His retirement marks the end of an era for one of the most prominent critics of Bitcoin, leaving a legacy defined by his investment strategies and his aversion to cryptocurrencies.
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