Elon Musk mocks Warren Buffett for latest crypto rant

Warren Buffett has become the butt of a joke for maverick entrepreneur Elon Musk after he recently aired his long-held opinions on the worthlessness cryptocurrencies and bitcoin (BTC).

Musk, who recently bought Twitter, used the platform to tweet: “he says “bitcoin” so many times”, responding to a comment from venture capitalist Marc Andreessen, who mocked that Buffett criticized crypto “while nakedly shilling diabetes”, referring to a box of candies in the background of Buffett’s recent shareholder meeting.

Andreessen and Musk are not the only high-profile people who have criticized Buffett’s remarks on cryptocurrencies, although the man has learnt to keep his opinions mostly to himself out of respect, and perhaps in a bid to dodge a tweet from Musk.

Another crypto investor, Peter Thiel, called Buffett a “sociopathic grandpa from Omaha” and quickly proclaimed him “an enemy of Bitcoin”.

However, being an opponent of BTC does not mean Buffet has tried to undermine it actively other than share his opinions. Most early-day BTC investors were moved by the idea that their currency would be worth much more one day.

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Updated: 05/03/2022 — 15:00