More than one of them actually said 'rat poison'?
If it had been 'shit' or something generic like that I might believe it, and I can believe one said 'rat poison', but I find that headline very hard to believe.
If it had been 'shit' or something generic like that I might believe it, and I can believe one said 'rat poison', but I find that headline very hard to believe.
> Billionaire investor Warren Buffett has in the past characterised bitcoin as "rat poison squared". One third in the JPM survey agreed with that view. Another 16% thought it was a temporary fad.
The question was not "what are your thoughts on cryptocurrencies? Please write at least 100 words", it was more along the lines "do you agree with Warren Buffet's view that Bitcoin is 'like rat poison squared': [ ] Yes [ ] No"
https://www.reuters.com/article/jpmorgan-idUSN18295440201102...
It always reminded me of the Banksy quote:
"If you win the rat race you are still a rat"
So perhaps it is rat poison and the rats are JPMorgan and all those investment firms.
Edit: apparently Buffet was referring to an earlier statement by Munger
Hardly surprising after a crypto market downturn.
[1] https://video.foxbusiness.com/v/2359385547001 (it's right at the beginning of this discussion with Buffet, Munger and Bill Gates)
edit: The price was about $100 when Munger called it Rat Poison, and about $10,000 when Buffet called it Rat Poison Squared, so Buffet was amazingly accurate