In the same interview on Monday, Bill Gates echoed Buffett's comment and said that he would bet against the virtual currency if he could.
Earlier this year, during a CNBC interview, he predicted that this cryptocurrency craze and all the excitement driving people to invest in them is irrational and "will come to a bad ending" once the excitement wears off.
"Gates clarified that though he thought the blockchain, the technology underlying cryptocurrencies that is being tested also in diamond-tracking as well as pig-tracking, is promising, "[Initial Coin Offerings] and Bitcoin are not producing anything, it's kind of a pure greater-fool-theory type investment".
"Somebody gave me some for my birthday then a few years later I thought, 'hey I'm going to sell that, ' so, no."
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The Seattle region had the third-highest number of homeless people in the US and saw 169 homeless deaths in 2017. So many people packed into city hall that many were sent to an overflow room to wait their turn to speak.
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That's something that will likely need to happen several times between now and the end of September, and likely again in October. Severino was strong through 7.1 innings, giving up two runs on six hits, striking out 11 and leaving with a 2.21 ERA.
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He said the contract had been awarded to the company a month before the AAP government came to power in February 2015. Special Commissioner of Police Arvind Deep, who heads the anti-corruption unit, confirmed Bansal's arrest.
Charlie Munger, Buffett's longtime business partner and a Berkshire vice chairman, is also no bitcoin fan, describing it as "worthless artificial gold".
Gates, retired from his Microsoft role, now works with another cryptocurrency critic, legendary investor Warren Buffett. "If I could buy a five-year put on every one of the cryptocurrencies, I'd be glad to do it but I would never short a dime's worth".
As CCN previously reported, Gates blames bitcoin for drug deaths, claiming cryptocurrencies are go-to vehicles for illegal drug sales and money-laundering. So even with the latest pullback, bitcoin has drastically outperformed the broader market, to not point out Berkshire inventory and prime Berkshire holdings like Apple (AAPL). People of Venezuela have turned to Bitcoin for stability.
Bill Gates could be another story. Bill Gates, who is also on Berkshire's board, was also offered the opportunity to weigh in on cryptocurrency, albeit in less imaginative terms.
"I'm convinced 100 percent that crypto is the future", Binance founder Changpeng Zhao told Bloomberg. He argued that trading or investing in cryptos is "just dementia".