Max Keiser: Warren Buffett might be killing his reputation by being so harsh on Bitcoin

Warren Buffett is the fifth-richest particular person on the planet. Besides, he is also to be known as a legend in finance circles, and one of the most successful investors of all time. However, Buffett is not a fan of Bitcoin and is critical to the premier cryptocurrency’s success. Now, Max Keiser claims that Buffett is “killing his reputation” through his harsh comments on Bitcoin.

Max Keiser is confident that Buffett’s highly critical stance on Bitcoin is no good

Max Keiser is a famous American broadcaster and known Bitcoin bull. Those keeping an eye on the cryptocurrency market will know that Buffett is a notorious Bitcoin critic. Specifically, he has said that Bitcoin is worse than rat poison and claims it lacks any intrinsic value. Moreover, Buffett also suggests the premier cryptocurrency attracts charlatans.

Many financial market analysts have cast doubt on Buffett’s claims that Bitcoin lacks intrinsic value. After all, the market gives any asset – oil, gold, or Bitcoin – a price that the market decides is fair.

Many claim that it is no different if people and traders choose to value a democratic and accessible digital currency than if they choose to value gold. With that said, however, the well-known Bitcoin bull Max Keiser is now throwing his hat into the ring.

Buffett is killing his reputation by being stupid about Bitcoin

Particularly, Keiser argues that Buffett’s anti-crypto stance could hurt the investor’s image. In fact, Keiser posits that this has already happened, with Buffett making stupid comments regarding Bitcoin.

This all comes as Buffett’s investment company Berkshire Hathaway is reeling from a recent $50 billion loss. Moreover, Buffett has had to acknowledge that some of his recent investments were erroneous, such as his investment in the airline sector.

Keiser also suggests that it could be time to leave Buffett “in the past”. Moreover, Keiser notes that Buffett did not understand Apple or Amazon until it was “too late”, and does not appreciate neither gold nor Bitcoin. As such, he states it’s “time for millennials and generation Z”.

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