American business magnate, investor and Berkshire Hathaway, Warren Buffett, has remained his opinion regarding bitcoin (BTC) unchanged, according to Fox Business.
The Head of Berkshire Hathaway said in the interview with FOX Business's Liz Claman that BTC is nothing more but a“gambling device.”
“Bitcoin doesn’t reproduce. It doesn’t speak to you. And it doesn’t do anything. It’s like a seashell or something, and that is not an investment to me,” Buffett said.
Last year, Buffett invested nearly $600 million in two fintech firms focused on emerging markets: Brazilian payment processor StoneCo Ltd. and the parent company of India’s largest mobile payment service, Paytm.
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