Warren Buffett Is A Known Crypto Critic, But These Wall Street Titans Also Share The Oracle Of Omaha's Skepticism

Warren Buffett’s aversion to Bitcoin BTC/USD and cryptocurrencies is well-known, and the legendary investor hasn't made any direct investments in the asset class thus far.

What happened: Buffett gained infamy in cryptocurrency circles when he described Bitcoin as "probably rat poison squared" during Berkshire Hathaway's annual shareholder meeting in 2018. He even prophesied that they would meet a "bad ending."

However, the "Oracle of Omaha" isn't the only Wall Street titan skeptical of digital assets.

Howard Marks:  The co-founder of Oaktree Capital Management opined that Bitcoin lacks intrinsic value and is far from being a safe investment option in the current market environment.

John Paulson: A billionaire hedge fund manager who founded Paulson & Co., Inc., Paulson described cryptocurrencies as a worthless bubble. 

The renowned subprime short investor advised against investing in the asset class, stating that he would not even short it.

Peter Lynch: The former manager of the hugely successful Magellan Fund at Fidelity Investments has avoided cryptocurrency investments. During a CNBC interview, the legendary stock picker said that he has "no idea" when it comes to cryptocurrencies, but admitted that he does understand blockchains, the technology that powers Bitcoin.

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While these notable personalities haven't found a compelling reason yet to invest in cryptocurrencies, a few others have seen their views soften over the years.

Ray Dalio, founder of Bridgewater Associates, was critical of Bitcoin's practicality as a currency or store of value back in 2017. 

Fast forward to 2025, the billionaire investor revealed that he owned Bitcoin and acknowledged its potential as an investment.

Price Action:  At the time of writing, Bitcoin was exchanging hands at $87,886.45, up 1.40% in the last 24 hours, according to data from Benzinga Pro. Notably, the asset has increased by 1,233% in the last five years and a staggering 35,604% in the last ten.

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