Warren Buffett’s opinion of bitcoin has evolved. In a recent interview, he described the cryptocurrency as ingenious but also called it a delusion. While admitting that his opinion of bitcoin has been upgraded, the CEO of Berkshire Hathaway asserted that “it attracts charlatans.”

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An ‘Ingenious’ Delusion

Berkshire Hathaway chairman and CEO Warren Buffett voiced his updated opinion about bitcoin in an interview with Cnbc’s Becky Quick on Monday. Emphasizing that his position on the cryptocurrency has not changed, he asserted:

Bitcoin, it’s ingenious. And blockchain is important. But bitcoin has no unique value at all. It doesn’t produce anything. You can stare at it all day, and no little bitcoins come out or anything like that. It’s a…

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Source: https://thebitcoinnews.com/warren-buffett-calls-bitcoin-a-delusion-but-an-ingenious-one/