During an appearance on CNBC's Squawk Box this morning, 

famed investor and CEO of Berkshire Hathaway Warren Buffett criticized Bitcoin (BTC) once more. According to Buffett's comments, Bitcoin is a 'gambling token'with no intrinsic value.

Warren Buffett, a legendary investor, refers to bitcoin (BTC) as a "gambling token"


Continue to hold the most valuable cryptocurrency in the world, based on market capitalization,

In low regard. Buffett linked gambling activities such as roulette and slot machines to Bitcoin and other cryptocurrencies.

He emphasizes the ability of success stories and the allure of potential future revenues to fascinate.

Next, in order to demonstrate the psychological traits that motivate people to engage in these activities, 

he contrasts the variable chances of the roulette wheel with the grating payouts of slot machines. According to the legend, 

people may make bad investment choices as a result of the buzz surrounding cryptocurrencies, 

which is fueled by sensationalism and the fear of missing out.

Buffett acknowledged that he is unsure of how to stop this tendency. 'I don't know how to turn the clock back on that,' he remarked. 

The 'Oracle of Omaha' has frequently advised investors against investing their money in the erratic digital asset, 

referring to it as 'rat poison squared' in the past. Buffett is adamant that the leading cryptocurrency is little more than a speculative bet, 

despite cryptocurrencies' increasing popularity in the mainstream financial industry.

The right-hand guy to Warren Buffett, Charlie Munger, projected that Bitcoin will most likely drop to zero last year.

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