Warren Buffett's Brutal Bitcoin Take: Rat Poison!

26 Jun 2025 · 1 min

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0:58

TJ Walker (presenter) delivers a short, opinionated YouTube segment criticizing cryptocurrency. He cites Warren Buffett calling Bitcoin “rat poison squared” and Paul Krugman likening crypto to subprime mortgages and a Ponzi-like scheme, and argues crypto has failed to replace banks or governments and instead harms individual savers. The tone is mocking and skeptical, urging viewers to avoid crypto speculation.

Chapters

You know who really loves cryptocurrency? Scammers? Ransomware hackers. And that guy in your group chat who thinks buying dogecoin is a retirement plan? Warren Buffett called Bitcoin Rat Poison Square. That's the right guy who made a hundred billion dollars by actually understanding value, not pretending that the JPEG of a monkey is going to pay your mortgage. And Paul Krugman, the Nobel Prize winning economist, compared crypto to subprime mortgages, saying it's a Ponzi scheme that keeps reinventing itself. When economists are calling your investment strategy a cult with a wallet, it is time to log off. Crypto promised to replace banks, money and governments. So far it's replaced your savings account with regret and a very long term tax form. If you want to gamble, go to Vegas. At least there when you lose your shirt, someone hands you a cocktail.