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Sci-Tech
Wednesday Jan 10 2018
By
REUTERS

Buffett says he will never invest in cryptocurrencies

By
REUTERS
Berkshire Hathaway CEO Warren Buffett talks to reporters prior to the Berkshire annual meeting in Omaha, Nebraska, US on May 2, 2015. Photo: Reuters file
 

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.

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.

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