Prominent Bitcoin Investor Max Keiser Calls Warren Buffett a Fraud and Charlatan for Avoiding Taxes

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.

Max Keiser Believes Buffett is a Charlatan

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 said that there are several Ponzi schemes run by Buffet that are being revealed. This is why there are so many interested individuals in moving into Bitcoin and Gold.

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.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Carl T
Carl T
Carl is a legend in cryptocurrency space for his long-storied experience, history and insights. He is a digital nomad who fell in love with bitcoin and its offspring for many years now and prides himself on delivering quality perspectives in the emerging world of crypto-assets and blockchain technology.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,466FansLike
2,795FollowersFollow
4,237FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Coca-Cola to Utilize Baseline Protocol For Supply Chain Tracking with Exposure to DeFi

Coke One North America (CONA) has partnered with Provide and Unibright to streamline the supply chain of the largest coca-cola bottlers in the region...

USD-Pegged Cryptos & BTC Continue to Rise in Contradiction to the Falling US Dollar

The US dollar is not having a good start in the second half of 2020. The dollar index, which measures the greenback against a basket...

Coinbase Wallet Integrates Unstoppable Domains; Send Payments Via .Crypto Addresses

Coinbase Wallet, a service rendered by US based Coinbase crypto exchange is extending its support for Unstoppable Domains according to an announcement made by...

Mad Rush to BTC Coming Soon as Barstool Sports' Dave Portnoy Declares ‘I Want to Buy All the Bitcoins'

Dave Portnoy, the founder of Barstool Sports, has now turned his attention to Bitcoin as he said, "I want to buy all the bitcoins." Portnoy...

Trader Exploits Opyn ETH Put Options, Runs Off With $370k Collateral; Team Recovers Over $500k

Opyn, a decentralized finance platform, faced a hack in the early morning hours on Wednesday, 5 August 2020 PT, as hackers made away with...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today