NEW YORK, January 10 — Berkshire Hathaway’s Warren Buffett said today 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 US$19,000 (RM76,041) and created a divide on Wall Street about whether it is a legitimate financial instrument.
Bitcoin was down around 3 per cent at US$13,981.53. — Reuters