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.