The jerusalem post
11:34 | 01/11/18

Investment guru Buffett says he will never invest in cryptocurrencies

Warren Buffett, chairman and CEO of Berkshire Hathaway (photo credit: KEVIN LAMARQUE/REUTERS) Warren Buffett, chairman and CEO of Berkshire Hathaway (photo credit: KEVIN LAMARQUE/REUTERS)
Buffett's comments come a day after JPMorgan & Chase Chief Executive Jamie Dimon said he regrets calling bitcoin a fraud.
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.

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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 percent at $13,981.53.

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