"If you ... owned all of the bitcoin in the world and you offered it to me for $25, I wouldn’t take it,” Warren Buffett said. “Because what would I do with it? I’ll have to sell it back to you one way or another. It isn’t going to do anything.” "Whether it goes up or down in the next year or five years or 10 years, I don’t know. But one thing I’m sure of is that it doesn’t multiply, it doesn’t produce anything,” he said. “It’s got a magic to it, and people have attached magic to lots of things.”
“Sometimes I call it crypto ‘crappo,’ sometimes I call it ‘crypto s---.’ It’s just ridiculous that anybody would buy this stuff,” Charlie Munger said, “It’s totally absolutely crazy, stupid gambling.” “I think the people who oppose my position are idiots, so I don’t think there is a rational argument against my position,” he said.