Bitcoin bulls beware: Peter Schiff comes to Warren Buffett's rescue bitcoin btc bitcoinnews warrenbuffet peterschiff $btc PeterSchiff
. He has called cryptocurrency trading a gamble and stated that he would not buy 100% of the BTC supply even for $25. The reason for his skepticism toward cryptocurrencies, according to Buffett, is that they do not produce anything.However, it is interesting to note that Buffett holds similar views on gold, a commodity that Schiff is known to be a big proponent of.
I agree with him. Gold is not an investment, it's money. Buffett prefers gold in a vault to paper dollars stuffed under his mattress.
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