As Bitcoin takes the investing world by storm, Warren Buffett explains why he will never invest in cryptocurrencies

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Updated: January 10, 2018 11:08:30 PM

Berkshire Hathaway's Warren Buffett said on Wednesday he will never invest in cryptocurrencies.

Berkshire Hathaway, Warren Buffett, cryptocurrencies, Jamie Dimon, JPMorgan & Chase, BitcoinBerkshire Hathaway’s Warren Buffett said on Wednesday he will never invest in cryptocurrencies.(Image: 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 financial instrument. Bitcoin was down around 3 percent at $13,981.53.

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