Arab Israeli Conflict
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Tel Aviv start-up Cyberwrite has started to develop an underwriting platform for cyber insurance policies.
"It does create a rising price, creates more buyers ... If you don't understand it, you get much more excited," Buffett said on CNBC television. "People like to speculate, they like to gamble."
Buffett's comments come a day after JPMorgan & Chase Chief Executive Jamie Dimon said he regrets calling bitcoin a fraud.
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