Buffett says he will never invest in cryptocurrencies

Bitcoin has taken the investing world by storm, surging to a high of more than US$19,000 and created a divide on Wall Street about whether it is a legitimate financial instrument. — Reuters picBitcoin has taken the investing world by storm, surging to a high of more than US$19,000 and created a divide on about whether it is a legitimate financial instrument. — Reuters picNEW YORK, 10 — Berkshire Hathaway’s Warren Buffett said today 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 conference in September.

Bitcoin has taken the investing world by storm, surging to a high of more than US$19,000 (RM76,041) and created a divide on Wall Street about whether it is a legitimate financial instrument.



Bitcoin was down around 3 per cent at US$13,981.53. — Reuters

Source: The Malay Mail Online






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