Of all the signals of a potential top in the price of bitcoin BTCUSD, -8.42% this just might be the most troubling for those eyeing the next milestone.
Katy Perry, the pop star and social-media maven who penned such bitcoin-relevant lyrical questions as, “You’re so hypnotizing. Could you be the devil? Could you an angel?” and “Are you ready for, ready for, a perfect storm, a perfect storm?”, had the chance to sit down with Berkshire Hathaway’s BRK.A, +1.18% Warren Buffett.
Well, you can see where this is going.
Perry didn’t tell her 68 million Instagram followers how Buffett responded to her cryptocurrency query, but we can probably guess.
“Stay away from it. It’s a mirage, basically,” Buffett once said. “The idea that it has some huge intrinsic value is a joke in my view. I don’t believe in this whole thing at all. I think it’s going to implode.”