Last week at his annual shareholder meeting, Warren Buffett went out of his way to say what he thought of bitcoin.

Yesterday, bitcoin struck back!

In case you missed it, Warren Buffett decided to give his thoughts on bitcoin at his annual shareholder meeting early last week.

He used terms like:

"rat poison squared"

and

"bitcoin will come to a bad ending"

to describe what has been going on with bitcoin.

(Source: https://www.cnbc.com/2018/05/05/warren-buffett-says-bitcoin-is-probably-rat-poison-squared.html)

As you might imagine, the bitcoin community didn't take such strong remarks sitting down.

Genesis Mining's bitcoin awareness campaign put up some billboards right across from Buffett's office to strike back at what Mr. Buffett had to say.

They can be seen here:

(Source: https://www.ccn.com/bitcoin-mining-firm-trolls-warren-buffett-with-billboards-outside-his-office/)

The theme behind the billboards was that Buffett has been wrong before about new technology, specifically in the case of Amazon and Google, and that perhaps he is also wrong about bitcoin now.

Genesis Mining launched a bitcoin awareness campaign several years back to help spread awareness and information about bitcoin and cryptocurrencies.

This was a sign put up in 2015 by Genesis Mining:

(Source: https://www.ccn.com/genesis-mining-launches-nationwide-bitcoin-advocacy-campaign/)

Their goal is to educate the public about bitcoin and cryptocurrencies. Specifically, they tend to try and dispel some of the negative spin the mainstream media tends to put on crypto.

Buffett hasn't officially responded to the billboards as of yet, but you can be sure he has seen them.

How could he not, they surround his office building.

Not sure about you, but I think this is a great use of advertising funds. :)

Stay informed my friends.

Follow me: @jrcornel