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Here's why billionaire Warren Buffett 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

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 ...

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First Published: Thu, January 11 2018. 08:11 IST
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