Gosh, you'd think perhaps they don't like it.
Comparison:
“Buffett told CNBC in early May bitcoin was ‘probably rat poison squared’ while Munger said at the Berkshire shareholder meeting that the thought of owning cryptocurrencies was ‘just dementia.’”
Rats have been with humankind for a long while, cryptocurrency, not so long. If we'd had cryptocurrency since before time began, perhaps Warren Buffett would have called rat poison “crypto squared” ?
Context:
“JPMorgan Chase (JPM) CEO Jamie Dimon has called bitcoin a ‘fraud’ that was only good for drug dealers and North Korea.
Billionaire investor Saudi Prince Alwaleed, whose Kingdom Holding Company owns stakes in Apple (AAPL), Citigroup (C) and Twitter (TWTR), told CNBC late last year he thought bitcoin was an ‘Enron in the making’ that will implode.
Warren Buffett and Charlie Munger of Berkshire Hathaway (BRKB) have also warned investors to stay away from bitcoin.
Buffett told CNBC in early May bitcoin was ‘probably rat poison squared’ while Munger said at the Berkshire shareholder meeting that the thought of owning cryptocurrencies was ‘just dementia.’”
LaMonica, Paul R. “Bitcoin Bloodbath: Cryptocurrency Plunges 20% in Two Days.” Money.CNN.com. 06 Sept. 2018. Web.
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