Bitcoin Is Gambling Not Investing: Warren Buffett

From Cryptocynews

Warren Buffett, Billionaire investor and CEO of Berkshire Hathaway, said that buying bitcoin is not investing, but just a gambling.

In conversation with Yahoo Finance in Omaha, Nebraska, Buffett, who is against cryptocurrencies, declared his present thoughts regarding investing in bitcoin and other digital currencies.

He said, “There’s two kinds of items that people buy and think they’re investing. One really is investing and the other isn’t.”

Warren Buffett noted that when someone buys something such as a farm, a dwelling house or any kind of business it is a very satisfactory investment. You are looking at the investment itself to deliver income to you.

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