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Warren Buffett Exposes BitcoinWhy Do Some People Believe Bitcoins Are Worthless? Like any asset or thing of value, the price people are willing to pay for Bitcoins is a socially agreed-upon. The Bank of England has said that bitcoin could be �worthless� and people investing in the digital currency should be prepared to lose. In a CNBC interview from Davos, a visibly amused Dimon declared he was swearing off opining about the crypto currency.