Warren Buffett thinks Cryptocurrencies will end Badly
January 11, 2018 10:00 am
Bitcoin Price Prediction
Billionaire investor Warren Buffett told:
“In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending.”
He includes that, he doesn’t know, when it happens or how or anything else. If he could purchase a five-year put on every one of the cryptocurrencies, he had been glad to do it but he would never short a money’s worth.
Buffett told he is not going to 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.”
“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 price of bitcoin declined 3.69 percent to $13,907 Wednesday, according to our Price Chart.
Buffett’s comments came a day after J.P. Morgan Chase Chairman and CEO Jamie Dimon changed his review on Bitcoin and appreciated the blockchain technology since, In September, Dimon called bitcoin a fraud.