Investment guru Buffett says he will never invest in cryptocurrencies

Buffett's comments come a day after JPMorgan & Chase Chief Executive Jamie Dimon said he regrets calling bitcoin a fraud.

By REUTERS
January 11, 2018 11:34
Warren Buffett, chairman and CEO of Berkshire Hathaway

Warren Buffett, chairman and CEO of Berkshire Hathaway. (photo credit: KEVIN LAMARQUE/REUTERS)

Berkshire Hathaway's Warren Buffett said on Wednesday he will never invest in cryptocurrencies.

"I can say almost with certainty that cryptocurrencies will come to a bad end," Buffett told CNBC in an interview.

Be the first to know - Join our Facebook page.


Buffett's comments come a day after JPMorgan & Chase Chief Executive Jamie Dimon said he regrets calling bitcoin a fraud, referring to comments he made at a banking conference in September.

Bitcoin has taken the investing world by storm, surging to a high of more than $19,000 and created a divide on Wall Street about whether it is a legitimate financial instrument.

Bitcoin was down around 3 percent at $13,981.53.
WHAT IS THE BLOCKCHAIN TECHNOLOGY BEHIND CRYPTOCURRENCIES LIKE BITCOIN AND ETHEREUM? (REUTERS)


Related Content

April 3, 2018
Entrepreneur Guy Galboiz gives insight on cryptocurrencies

By JONATHAN MIMOUNI

Israel Weather
  • 12 - 22
    Beer Sheva
    15 - 20
    Tel Aviv - Yafo
  • 11 - 19
    Jerusalem
    15 - 20
    Haifa
  • 17 - 29
    Elat
    14 - 27
    Tiberias