"Buffett also said he would steer clear of bitcoin. Buffett said the cryptocurrency is an effective payment system, but so is a check. The idea that bitcoin has some intrinsic value is just a joke.

http://blogs.marketwatch.com/thetell/2014/03/14/warren-buffett-dont-dump-stocks-on-china-or-ukraine-and-stay-away-from-bitcoin/?mod=sfmw

Well... It's too late for some of us to stay away now.

Remember, this is the same guy that said to avoid investing in internet companies.

Indeed - This Buffet is an idiot.
Do not worry about him...

"Remember, this is the same guy that said to avoid investing in internet companies."

Warren Buffet is a caveman

(no offence to Mr.Caveman)

Do you not know who Buffet is? He may be wrong, but he's far from an idiot when it comes to investing.