Warren Buffett Is A Known Crypto Critic, But These Wall Street Titans Also Share
The renowned investor Warren Buffett has not yet made any direct investments in the asset class due to his well-known dislike of Bitcoin (BTC/USD) and cryptocurrencies.
What transpired: Buffett’s description of Bitcoin as “probably rat poison squared” during Berkshire Hathaway’s annual shareholder meeting in 2018 caused him to become notorious in the cryptocurrency community. His prediction was that they would have a “bad ending.”
The “Oracle of Omaha” isn’t the only prominent figure on Wall Street who has doubts about digital assets, though.
According to Howard Marks, a co-founder of Oaktree Capital Management, Bitcoin has no inherent value and is not a secure investment choice in the current market climate.
Paulson & Co., Inc. was formed by billionaire hedge fund manager John Paulson, who called cryptocurrencies a worthless bubble.
The well-known subprime short investor said he would not even short the asset class and cautioned against investing in it.
Peter Lynch: The former manager of Fidelity Investments’ wildly popular Magellan Fund has refrained from investing in cryptocurrencies. The renowned stock picker acknowledged that he understands blockchain technology, which underpins Bitcoin, but claimed to have “no idea” about cryptocurrencies in a CNBC interview.
Some of these well-known figures have seen their opinions change over time, but none of them have yet to find a strong argument for investing in cryptocurrencies.
In 2017, Bridgewater Associates founder Ray Dalio questioned whether Bitcoin was a viable currency or store of value.
In 2025, the multibillionaire investor disclosed that he was a Bitcoin owner and recognised the cryptocurrency’s investment potential.
Price Action: According to Benzinga Pro statistics, Bitcoin was trading at $87,886.45, up 1.40% over the previous day, at the time of writing. Notably, the asset has risen by an astounding 35,604% during the past ten years and 1,233% over the last five.
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