Buffett on cryptocurrencies: 'I can say almost with certainty that they will come to a bad endin
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Warren Buffett tells CNBC the recent craze over bitcoin and other cryptocurrencies won't end well. "When it happens or how or anything else, I don't know," the billionaire Berkshire Hathaway chief says. But he says he would not take a short position on bitcoin futures.
Billionaire investor Warren Buffett told CNBC on Wednesday the recent craze over bitcoin and other cryptocurrencies won't end well."
In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending," the chairman and CEO of Berkshire Hathaway said.
"When it happens or how or anything else, I don't know," he added in an interview on CNBC's "Squawk Box" from Omaha, Nebraska. "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."