Warren Buffett speaks onstage
Warren Buffett speaks onstage during Fortune's Most Powerful Women Summit at the Mandarin Oriental Hotel on October 13, 2015 in Washington, DC.
  • Warren Buffett took aim at bitcoin, calling the crypto intrinsically worthless.
  • Investing in crypto is like "wanting to play a roulette wheel" the Berkshire Hathaway chair told CNBC.
  • Crypto markets have been rallying, with bitcoin surging 65% in the past three months.

Warren Buffett called bitcoin a "gambling token" with zero value on Wednesday as the cryptocurrency traded near 10-month highs.

The Berkshire Hathaway chairman and CEO ratcheted up his fiery crypto commentary, describing investing in digital assets as akin to spending time at a casino.