‘We don’t know exactly what ‘rat poison squared’ is supposed to mean. What we do know is that Bitcoin created a very productive ecosystem and spawned the entire cryptocurrency revolution, which is driving innovation in nearly every industry.’
That’s how ECoinmerce COO and crypto believer Rex Chen responded to Warren Buffett’s slam of bitcoin BTCUSD, -3.64% as “rat poison squared” at the Berkshire Hathaway BRK.A, -0.67% annual meeting earlier this month.
To mark the occasion, ECoinmerce is selling everything from t-shirts to coffee mugs bearing the “Rat Poison Squared” logo. Prices range from $19.99 to $39.99.
“This clothing line is intended to give Bitcoin and cryptocurrency enthusiasts pride in their defiance of the status quo and their belief in a better future,” Chen said.
On the side of the “status quo” are a growing number of notable crypto critics, such as J.P. Morgan’s JPM, -0.76% Jamie Dimon, Nobel-Prize winner Robert Shiller, Mark Cuban, and Buffett’s buddy Bill Gates, who said he’d short bitcoin if he could.
At last check, cryptos were under pressure, with bitcoin down more than 2% at $8,591. Meanwhile, the Dow DJIA, -0.78% , which is in the midst of an eight-session win streak, wasn’t faring much better, off almost 200 pointsFollow me on Twitter for cryptocurrency trade suggestions: