Berkshire Hathaway’s chairman and CEO Warren Buffett told CNBC’s Becky Quick on Monday that he’s staying away from cryptocurrencies. “I don’t own any cryptocurrency and I never will,” he said.
“Cryptocurrencies basically have no value and they don’t produce anything,” he told CNBC’s Becky Quick in a Squawk Box interview. “In terms of value: Zero.”
“I don’t have any cryptocurrency and I never will,” he added. Buffett joined CNBC to discuss the markets just days after he released his annual shareholder letter.
Buffett has been a long-time critic of the world’s largest digital coin. He called bitcoin “probably rat poison squared,” ahead of the 2018 Berkshire Hathaway annual shareholder meeting. A “mirage,” “not a currency,” and “tulips” are among the descriptors Buffett has used for bitcoin, according to CNBC’s Warren Buffett Archive.
Berkshire Vice Chairman Charlie Munger has called it a “turd,” and said that trading cryptocurrencies is…