Buffett says he will never invest in cryptocurrencies

 10 Jan 2018 - 16:49

Buffett says he will never invest in cryptocurrencies

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.

Bitcoin was down around 3 percent at $13,981.53. 

(Reporting By Aparajita Saxena in Bengaluru; Editing by Saumyadeb Chakrabarty)