Legendary investor, Warren Buffet warned that bitcoin is not a real currency, considering that there is no real value behind it. In a conversation with CNBC, he referred to the great attention that this virtual currency is currently receiving, reports SEEbiz. "Run away from bitcoin," said Buffett, whose wealth last year was estimated at around 58,5 billion dollars. He called the hype surrounding bitcoin an illusion, but not because of recent security breaches that led to robberies and stock market crashes. "Checks are also a means of payment, do you think they're worth a lot of money too?" Buffett asked. The reason for Buffett's distrust of Bitcoin is the fact that there is no real value behind it. He sees virtual currencies as means of payment, not as currency. He called the belief that cryptocurrency has some intrinsic value of its own ridiculous.
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