Warren Buffett’s negative views on cryptocurrencies came with support from Peter Schiff, who is known as anti-crypto.
Warren Buffett, known as the investment magnate, has been very critical of cryptocurrencies lately. Buffett’s negative views on cryptocurrencies have sparked backlash from the crypto community. The crypto community began to criticize Buffett.
During this time when Buffett was hit, the expert investor got support from anti-crypto Peter Schiff. Schiff cited Buffett as one of the greatest investors of all time.
Support for Warren Buffet, Balled!
Economist Peter Schiff took a stand against the criticism of Warren Buffett by Bitcoin maximalists working for CNBC. Warren Buffett described cryptocurrency trading as a gamble and warned investors. Buffett, especially known for his success in Coca Cola shares, has become the target of crypto investors.
Buffett, who was subjected to intense criticism, received support from another economist and strategist. Schiff stood by Buffett, who said he would not buy Bitcoin even for $25.
Sharing on Twitter, Schiff said that he understands Bitcoin maximalists to act collectively on condemnation and that this is wrong. Schiff said one of the greatest investors of all time should be more careful before rejecting the investment idea.
The #Bitcoin shills who work for @CNBC are unanimous in their condemnation of #WarrenBuffett for his crazy views on Bitcoin. Pershaps journalists/entertainers should be more circumspect when dismissing the investment opinion of one of the most successful investors of all time.
— Peter Schiff (@PeterSchiff) May 8, 2023
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