Buffett Dismisses Cryptocurrencies as Rat Poison, Predicts Bad Ending and Lacks Tangible Value

Warren Buffett calls cryptocurrencies like Bitcoin "rat poison squared" and predicts "almost certainly" they will come to a bad ending
At 2022 annual meeting, Buffett said he wouldn't pay $25 for all the Bitcoin in the world because he would have to sell it back
Buffett sees no tangible value or income generation in cryptocurrencies, unlike farmland which contributes to food production
Buffett emphasizes investing in assets that yield real, tangible benefits rather than speculative excitement
Buffett's viewpoint provides guidance for navigating complex modern financial landscape and assessing value