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

By: |
Updated: Jan 10, 2018 11:08 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.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Easy Trip Planners IPO opens for subscription Monday; here’s all you need to know
2Rakesh Jhunjhunwala trimmed stake in these firms last quarter, shares of some have since gained
3NASDAQ 100 turns negative year-to-date, even FAANG stocks fall victim to bearish sentiment