Billionaire Warren Buffett’s Catastrophic Forecast

The
bitcoins
They have been trying to get into people’s lives for good for years. It has not yet been like that and although there are many voices in its favor they have come out big detractors of cryptocurrencies.

One of them is the billionaire Warren buffett, Director of
Berkshire Hathaway
, what has renegade of the

bitcoins
on several occasions despite the fact that last year it reached all-time highs by revaluing by 350%.

The phrases of Buffett Over the
bitcoins
and cryptocurrencies are lapidary. The billionaire, throughout his business career, has repeatedly emphasized that this type of currency “is basically an illusion” because “you can look at it all day and no little bitcoins come or anything like that.”

Basically this kind of money is for Buffett something similar to having a blank sheet of no value so he always advises to be “owner of productive assets in the next 50 years”.

“I am very sorry that it happens because people have illusions that something like this is going to change their lives,” the billionaire has commented on occasion about the people who have really opted for this type of currency.

Buffet has even ventured to make a devastating forecast for the end of cryptocurrencies: “In terms of cryptocurrencies in general, I can say almost with certainty that they will come to a bad end.”

Buffett’s three best phrases

1 – “Bitcoin attracts a lot of charlatans.”

2 – “It’s probably rat poison squared.”

3 – “He may start a Warren coin, he may create one and say there will only be 21 million of them. You can have it after I die, but you can’t do anything with it except sell it to someone else. “