Warren Buffett calls bitcoin a 'gambling token' with no intrinsic value as the crypto surges to trade near 10-month highs
Warren Buffett called bitcoin a"gambling token" with zero value on Wednesday as the cryptocurrency traded near 10-month highs.
"It doesn't have any value, but that doesn't stop people from wanting to play a roulette wheel," the 92 year old toldCrypto markets have experienced a broad upswing recently. Bitcoin and ethereum are up 61% and 35%, according toPrice action in crypto can be volatile, and markets have been especially sensitive to speculation around the US central bank's monetary policy tightening, as risk assets like crypto have sold off heavily in face of higher interest rates.
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