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Warren Buffett: Cryptocurrency Will Come To A Bad Ending - CNBCBillionaire investor Warren Buffett described bitcoin (BTC) as a "gambling token" in an interview with CNBC on Wednesday. "The Hash" panel discusses what to. Warren Buffett dismissed bitcoin as a worthless delusion and 'rat poison squared.' Here are his 16 best quotes about crypto. "A cryptocurrency is not a currency, not a commodity, and not a security," he writes. "Instead, it's a gambling contract with a nearly % edge.