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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


Warren Buffett
Berkshire Hathaway CEO Warren Buffett Photo: Reuter

Berkshire Hathaway’s Warren said on Wednesday he will never invest in cryptocurrencies. “I can say almost with certainty that cryptocurrencies will come to a bad end,” told CNBC in an interview. Buffett’s comments come a day after Chief Executive said he regrets calling a fraud, referring to comments he made at a banking conference in September. 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. was down around 3 per cent at $13,981.53.

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