Buffett’s ’Rat Poison’ Bitcoin Slam Turns 7—Crypto Eats Wall Street’s Lunch Anyway
Seven years after Warren Buffett dismissed Bitcoin as ’rat poison squared,’ the asset has bulldozed skepticism—and traditional finance’s dominance. The Oracle of Omaha’s barb now reads like a relic from the dial-up era.
From Punchline to Powerhouse
Bitcoin’s 1,200% surge since Buffett’s 2018 rant mocks the ’serious investor’ playbook. Meanwhile, institutions that once scoffed now fight for ETF approvals like Black Friday shoppers.
Finance’s Cringe Reboot
Goldman Sachs hedges its bets with crypto desks. Pension funds quietly allocate. The same suits who called it a scam now pitch ’digital asset exposure’ with straight faces—proving money talks louder than principles.
Buffett might still hate crypto, but the market’s moved on. The real rat poison? Watching your 2% bond returns decay while Bitcoin hodlers retire early.
Did Hyphy sell? We don’t really know. All told, there’s about 214 of these $10 million Bitcoin bars floating around, though only 37 are “active” and yet to be redeemed for their BTC. (This is where you run into the whole difficult-to-trace part of Bitcoin.)
Though we might never know, it’s another reminder to HODL your BTC. In another 10 years, who knows how expensive this bar will get (and how much more wrong Buffett will be).
— Rizzo
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