Warren Buffet Is Wrong About Bitcoin, Claims Max Keiser

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Warren Buffet (Courtesy: Bloomberg)
Warren Buffet (Courtesy: Bloomberg)

TV anchor and an expert analyst Max Keiser has been critical about his opinion surrounding Bitcoin and other related activities in the digital world of currency. He has now claimed that one of the richest man in the world Warren Buffet is wrong about Bitcoin.

Not only that, Max Keiser, was of the opinion that Buffet is wrong about Bitcoin, Banks, Airlines and even Gold. Keiser’s statement on twitter comes after Buffet decided to move his funds from stakes in major global banks and make a bet on Barrick Gold miner stocks.

Bloomberg had reported that Buffet had moved his stocks and has reduced his financial presence in several big name banks, such as JPMorgan Chase, Wells Fargo, etc, after many years of considering these institutions to be a ‘a good business as long as they don’t make major mistakes’.

U.Today reported that the investment guru and a popular non-fiction writer Robert Kiyosaki slammed Buffett for his ‘old-dated strategy’ of ignoring gold, the stock market and Bitcoin, sitting on his billions of cash.

Buffet is gradually making his move towards gold but Keiser is firm on his decision and said that Buffet is wrong about the aforementioned areas.