Warren Buffett’s aversion to Bitcoin (CRYPTO: BTC) and cryptocurrencies is well-known, and the legendary investor hasn’t made any direct investments in the asset class thus far.
What happened: Buffett gained infamy in cryptocurrency circles when he described Bitcoin as “probably rat poison squared” during Berkshire Hathaway’s annual shareholder meeting in 2018. He even prophesied that they would meet a “bad ending.”
However, the “Oracle of Omaha” isn’t the only Wall Street titan skeptical of digital assets.
Howard Marks: The co-founder of Oaktree Capital Management opined that Bitcoin lacks intrinsic value and is far from being a safe investment option in the current market environment.
John …
Full story available on Benzinga.com