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Buffett says he will never invest in cryptocurrencies

Published 01/10/2018, 09:12 AM
Updated 01/10/2018, 09:20 AM
© Reuters.  Buffett says he will never invest in cryptocurrencies

(Reuters) - Berkshire Hathaway (NYSE:BRKa)'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.

Buffett's comments come a day after JPMorgan (NYSE:JPM) & Chase Chief Executive Jamie Dimon said he regrets calling bitcoin a fraud, referring to comments he made at a banking conference in September. [nL4N1P4434]

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.

Latest comments

Old man is he ...
About crypto currencies, he told it himself that he doesn't understand technology and he wished that he did. Now he wishes it all goes bad because he missed the train there.
It took him 7 years to buy Apple... He's way behind the curve.
This is coming from someone who should not be in a risky space such as crypto to begin with based on age alone! DUH!
That's a liberal globalist working for the establishment through anexo interview to a fake news outlet. No surprise at all.
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