Warren Buffett Says Bitcoin ‘Definitely Will Come to a Bad Ending’
The Berkshire Hathaway CEO told CNBC the firm would never have a position in cryptocurrencies.
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CEO Warren Buffett said Wednesday that the firm had no interest in jumping on the cryptocurrency bandwagon.
“We don’t own any; we’re not short any,” Buffett said in an . “We’ll never have a position in them.”
Of options trades that would profit from price declines, he added: “If I could buy a five-year put on every one of the cryptocurrencies, I’d be glad to do it but I would never short a dime’s worth.”
“What’s going on definitely will come to a bad ending,” he said.
Bitcoin, the cryptocurrency that to become the largest, is off to a shaky start this year along with , while ether, the second-largest, has risen to .
Buffett’s comments came a day after JPMorgan CEO Jamie Dimon said he
Buffett said Berkshire Hathaway remained focused on identifying good businesses and investing in them.
The conglomerate announced Wednesday that it would to 14 members, adding Gregory Abel and Ajit Jain. Buffett and Charlie Munger, Berkshire Hathaway’s vice chairman, will keep their positions on the board.
Get the latest Bitcoin price
CEO Warren Buffett said Wednesday that the firm had no interest in jumping on the cryptocurrency bandwagon.
“We don’t own any; we’re not short any,” Buffett said in an . “We’ll never have a position in them.”
Of options trades that would profit from price declines, he added: “If I could buy a five-year put on every one of the cryptocurrencies, I’d be glad to do it but I would never short a dime’s worth.”
“What’s going on definitely will come to a bad ending,” he said.
Bitcoin, the cryptocurrency that to become the largest, is off to a shaky start this year along with , while ether, the second-largest, has risen to .
Buffett’s comments came a day after JPMorgan CEO Jamie Dimon said he
Buffett said Berkshire Hathaway remained focused on identifying good businesses and investing in them.
The conglomerate announced Wednesday that it would to 14 members, adding Gregory Abel and Ajit Jain. Buffett and Charlie Munger, Berkshire Hathaway’s vice chairman, will keep their positions on the board.
Get the latest Bitcoin price
