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