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Seven Years Since Buffett’s “Rat Poison Squared” Bitcoin Remark
Warren Buffett's long-standing criticism of Bitcoin continues to draw attention, especially on the anniversary of his "rat poison squared" remark made seven years ago. Key points include:
- Buffett has consistently dismissed Bitcoin since 2013, expressing a lack of understanding and confidence in its viability as a currency.
- Despite Berkshire Hathaway's stock price tripling since 2018, Bitcoin's value increased nearly 13 times in the same period.
- If Buffett had invested just 2% of Berkshire's $57.9 billion portfolio into Bitcoin in May 2018, it could have yielded over $13.1 billion today.
- Critics argue that Buffett's refusal to engage with Bitcoin represents a missed opportunity for significant returns.
This situation illustrates the contrast between traditional investment philosophies and emerging digital assets. The debate around Bitcoin's true value continues as it attracts both supporters and detractors.