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Warren Buffett Bashes Cryptocurrencies, Admits to Knowing “Nothing About Them”

The world of cryptocurrency is as fascinating to some as it is confusing and even frightening to others. The new technology not only represents a revolutionary method of transferring money and doing business, but a major shift in the role of money in global society as a whole.

It’s something that no doubt every government in the world has had to sit down and have a very serious conversation about, with decentralized currencies placing more power into the hands of the public and limiting the control that banks and legal authorities have over finance. With China freezing Bitcoin transactions in 2017 and South Korea now considering the same move,  cryptocurrencies has those most in control of money running scared – and governments aren’t the only ones.

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