Following Warren Buffett’s Bitcoin Investing Advice Would Have Been A Costly Misstep

Few names ring louder than Warren Buffett in the world of finance.

Known as the “Oracle of Omaha,” Buffett, chairman and CEO of Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B), has has transformed a struggling textile manufacturing firm into a portfolio valued at over $325 billion.

Buffett, however, has been infamously skeptical about cryptocurrencies, particularly Bitcoin (CRYPTO: BTC), which he famously called “rat poison squared” in a 2018 interview with CNBC. 

Buffett even went so far as to wager that, given the chance, he would gladly “buy a five-year put on every one of the cryptocurrencies,” while also making it clear he would “never short a dime’s worth.”

Well, it’s been five years.

Buffett made that statement on May 5, 2018, …

Full story available on Benzinga.com

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