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Warren Buffett slams bitcoin as a 'gambling device'

Billionaire investor Warren Buffet is not deviating from his position on cryptocurrency.

The Berkshire Hathaway chairman and CEO told FOX Business's Liz Claman that bitcoin is a “gambling device” that hasn’t produce anything substantive.

“[Bitcoin] doesn’t reproduce. It doesn’t speak to you. And it doesn’t do anything. It’s like a seashell or something, and that is not an investment to me,” he said on Saturday during Berkshire’s annual shareholder meeting in Omaha, Nebraska.

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