The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Basher and Billionaire Warren Buffett Takes Shot at Bitcoin Investors, Calls Them ‘Charlatans’ and the Digital Asset a ‘Delusion’

by Daily Hodl Staff
February 25, 2019
in Bitcoin

A word of wars is heating up after Bitcoin bull and host of the Keiser Report called Berkshire Hathaway CEO and legendary billionaire investor Warren Buffett a charlatan.

In an interview with CNBC’s Squawk Box on Monday, Buffett says Bitcoin has no unique value at all.

He added,

“It is a delusion, basically.”

Bitcoin’s price has tumbled since its all-time high of $20,000 in January of 2018. It is currently trading at $3,778.

According to Buffett,

“It attracts charlatans. If you do something phony by going out and selling yo-yos or something, there’s no money in it – but when you get into Wall Street, there’s huge money.”

On February 23, Max Keiser tweeted to his 221,000 followers that Buffett is a fraud and a charlatan who failed to rein in Wells Fargo, among other lapses in leadership.

#Bitcoin up on news Warren Buffett exposes himself in his annual letter as an unmitigated fraud and charlatan reliant entirely on tax-payer bailouts and accounting tricks.

— Max Keiser (@maxkeiser) February 23, 2019

On Saturday, Keiser followed up his tweet, condemning Buffett.

He told RT,

“Buffett’s frauds are innumerable and date back decades.”

He cited Buffett’s lapse in leadership as Wells Fargo became increasingly embroiled in crimes, scandals and scams against its own customers. Berkshire Hathaway first bought stock in Wells Fargo in 1989. As the bank’s largest stockholder, it has a 10% stake, in addition to the $100 million stake that Buffett holds personally.

Wells Fargo agreed to a settlement of $575 million in December for opening up millions of bogus customer accounts, among other egregious business practices. The bank’s fines have totaled $14.7 billion since 2000, according to the violation tracker at Good Jobs First.

Keiser also called out Buffett for buying back stock in his own company, a practice that was once deemed illegal by the US Securities and Exchange Commission until it sanctioned the policy back in the 1980s.

Says Keiser,

“It’s pure fraud. Its sole purpose is to commit accounting fraud for the benefit of insiders.”

While Buffett believes blockchain, the underlying technology of Bitcoin, has merit, he is a long-time crypto critic. Last year he called Bitcoin “rat poison squared” and a “mirage” and said he thinks cryptocurrencies “will come to a bad ending.”

[the_ad id="42537"] [the_ad id="42536"]
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • MultiBank Group Confirms MBG Token TGE Set for July 22, 2025
    July 11, 2025
  • PEPESCAPE Launches Crypto Presale, Combining Memecoin Culture With Decentralized Finance Ecosystem
    July 10, 2025
  • Aptos Labs Expands Leadership With New Chief Business Officer
    July 10, 2025
  • Falcon Finance Unlocks Real-World Asset Utility With First Live USDf Mint Using Tokenized Treasuries
    July 10, 2025
  • MBG Token Pre-Sale Set for July 15 – Only Seven Million Tokens Available at $0.35
    July 10, 2025
  • YZi Labs Invests in Aspecta To Pioneer Universal Price Discovery Infra for Trillion Illiquid Assets
    July 10, 2025
  • NovaEx Launches With a Security-First Crypto Trading Platform Offering Deep Liquidity and Institutional-Grade Infrastructure
    July 9, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$117,581.50
$117,581.50
4.05%
Ethereum
$2,973.20
$2,973.20
5.57%
BNB
$694.31
$694.31
3.22%
Solana
$162.94
$162.94
2.76%
XRP
$2.79
$2.79
12.41%

Spotlight

  • Economist Alex Krüger Outlines Three Bullish Catalysts for Bitcoin, Says Upcoming BTC Breakout Will Be ‘Explosive’
    July 4, 2025
  • Crypto Analyst Says Bitcoin Will ‘Leave People in Awe’ Once BTC Breaks Out, Outlines Path Forward for XRP
    July 4, 2025
  • ‘I Don’t See How We’ll Do That’: JPMorgan’s Chief Global Strategist Says White House’s 3% US Economic Growth Projection Unsustainable
    July 4, 2025
  • Fundstrat’s Tom Lee Says Ethereum Should Be ‘Worth a Lot More Money,’ Outlines ETH’s Path to $10,000
    July 4, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl