87-year-quondam American investor and CEO of Berkshire Hathaway, Warren Buffett, has again scorned investment in cryptocurrencies, challenge that "buying Bitcoin is not investing," in an interview with Yahoo Finance in Omaha, Nebraska, today, April 28.

"There's [sic] ii kinds of items that people purchase and remember they're investing," he said. "One really is investing and the other isn't." He added:

"If y'all buy something like a farm, an apartment house, or involvement in a business […] [y]ou can do that on a private basis […] and it's a perfectly satisfactory investment. You await at the investment itself to deliver the return to you. Now, if you buy something similar Bitcoin or some cryptocurrency, you don't really accept annihilation that has produced anything. You're but hoping the adjacent guy pays more."

Buffett went on to suggest that such investments are only a speculative "game" and a "gamble" and that "no i knows exactly what it [Bitcoin] is."

The so-chosen 'Oracle of Omaha' has repeatedly poured contempt on the crypto industry, challenge with oxymoronic "almost certainty" that cryptocurrencies "will come to a bad end," in an interview this January, all the while albeit that cryptocurrencies are "something I don't know anything about."

Buffet has been recycling the lack of intrinsic value argument since 2022, when he showtime dismissed Bitcoin as "a mirage" on CNBC. Buffett has too wielded the chimera argument against Bitcoin, besides as stating that BTC cannot exist valued because "it'south not a value-producing nugget."

The Oracle's anti-crypto stance is shared past ousted Paypal CEO Bill Harris, who chosen Bitcoin a "scam" this calendar week, and Buffet's vice chairman at Berkshire Hathaway, 94-twelvemonth-old Charlie Munger, who thinks interest in Bitcoin is "simply disgusting".