“It’s a gambling device… there’s been a lot of frauds connected with it. There’s been disappearances, so there’s a lot lost on it. Bitcoin hasn’t produced anything,” Buffett told a group of reporters ahead of Berkshire Hathaway’s annual meeting at the CHI Health Center in Omaha, Nebraska. “It doesn’t do anything. It just sits there. It’s like a seashell or something, and that is not an investment to me,” he added.”
Warren Buffett, CEO, Berkshire Hathaway · Bitcoin since: +1,058%
As published by CNBC
A little perspective.
Bitcoin on that day$5,824May 5, 2019
$100 at that price$1,158At our latest price check
Illustrative value using a Bitcoin price of $67,421, checked Nov 14, 2026, 3:26 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Warren Buffett appears in 8 recorded obituaries. 40 declarations were recorded in 2019.
Keep the receipt.
Bitcoin Is Dead. “Warren Buffett Says Bitcoin Is A ‘Gambling Device’” — Warren Buffett, CNBC, May 5, 2019. Bitcoin: $5,823.8. https://bitcoindeaths.com/posts/2019-05-05-warren-buffett-says-bitcoin-is-a-gambling-device