Bill Gates
- I agree I would short it if there was an easy way to do it.
- As an asset class, you're not producing anything and so you shouldn't expect it to go up. It's kind of a pure 'greater fool theory' type of investment.
- Bitcoin and ICOs, I believe completely [they're some] of the crazier, speculative things.
Charlie Munger
- The computer science behind Bitcoin is a great triumph of the human mind, that’s what’s captivated all these people. They’ve created a product that’s hard to create more of but not impossible … [But] I see an artificial speculative medium … I regard the whole business as anti-social, stupid and immoral.
- Suppose you could make a lot of money trading freshly harvested baby brains. Would you do it, or would you say that’s immoral? You wouldn’t trade them, would you? It’s too awful a concept. Well, to me Bitcoin is almost as bad.
Jamie Dimon
- If you're stupid enough to buy it, you'll pay the price for it one day.
- It's worse than tulip bulbs. It won't end well. Someone is going to get killed.
- It's just not a real thing, eventually it will be closed.
Warren Buffett
- ...probably rat poison squared.
- In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending.