Max Keiser, the co-founder of BTC Capital and Heisenberg Capital criticized Warren Buffet for the comments he gave in his annual letter. About it, Keiser said that Warren Buffett exposes himself in his annual letter as an “unmitigated fraud and charlatan.” Keiser also mentioned that Buffett is reliant entirely on tax-payer bailouts and accounting tricks.
#Bitcoin up on news Warren Buffett exposes himself in his annual letter as an unmitigated fraud and charlatan reliant entirely on tax-payer bailouts and accounting tricks.
— Max Keiser, tweet poet. (@maxkeiser) February 23, 2019
During a conversation with RT, Buffet’s frauds are innumerable and date back decades. Moreover, he cited Buffet’s failure to rein in years of corporate malpractice at Wells Fargo. His letter has also revealed that Berkshire Hathaway started to purchase stock in its own companies in 2018.
Keiser went on explaining that it is pure fraud and its sole purpose is just to commit accounting fraud. Buffet has also attacked gold as a poor investment choice.
Keiser commented about this:
“The real story is to put gold in context and understand that Buffet’s so-called success is to put gold in context and understand that Buffet’s so-called success is entirely driven by a cozy relationship with Wall Street and the Fed that gives him virtually unlimited access to credit carrying zero percent interest.”
Furthermore, Buffett has been always criticizing virtual currencies, including Bitcoin. He called the most popular digital asset “rat poison” in 2018. He then said that this is an asset that creates nothing.
Keiser went on explaining that he maintains his price prediction that he made on Buffett’s report back in 2011 when Bitcoin was just $1. He believes that Bitcoin will reach $100,000 in the future and that it will be swallowing up the over-supply of worthless fiat money. Once that happens, this will be the end of charlatans such as Warren Buffett.
Bitcoin is currently being traded around $3,750 and it has a market capitalization of $73.17 billion. In the last 24 hours, Bitcoin decreased by 4.75% according to CoinMarketCap.