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)

 
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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.

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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)

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