Warren Buffett doesn’t see much value in Bitcoin, despite its recent price rise. The Berkshire Hathaway boss sympathizes, however, with people hoping to get rich quick off it. “Something like Bitcoin, it is a gambling token, and it doesn’t have any intrinsic value. But that doesn’t stop people from wanting to play the roulette wheel,” Buffett said during an appearance on CNBC’s Squawk Box on Wednesday.
Bitcoin was trading at more than $30,000 on Thursday, having started the year at below $17,000. But it’s still down considerably from its peak of nearly $69,000 in November 2021.
