10 Jan '18, 6pm

#Bitcoin & other cryptocurrencies will ‘come to bad ending’ – Warren Buffett https://t.co/MKxXmAkO21

“In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending," Buffett told CNBC 's ‘Squawk Box’ program on Wednesday. “When it happens or how or anything else, I don't know." Read more Indian banks squeeze bitcoin payments and withdrawals According to the chairman and CEO of Berkshire Hathaway, he will not take a short position on bitcoin futures. "We don't own any, we're not short any, we'll never have a position in them," he said. "I get into enough trouble with things I think I know something about. Why in the world should I take a long or short position in something I don't know anything about," the billionaire investor explained. Buffett's stance was fully backed by his right-hand man, billionaire Charlie Munger, who also appeared on the program and called bitcoin and its fellow cryptocurrencies “bubbles.” Investors “a...

Full article: https://www.rt.com/business/415518-bitcoin-bad-ending-war...

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