ALSO READJPMorgan's Dimon says bitcoin 'is a fraud' and will blow up Bitcoin plunges by 30% to below $12,000, worst weekly loss since 2013 Being an American abroad is an 'embarrassment': JPMorgan CEO Bitcoin wallet crash exposes crypto-market weaknesses, concern investors Bitcoin bigger than Buffett, Boeing, New Zealand's economy
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 per cent at $13,981.53.