Renowned investor Warren Buffet states that he will never invest in cryptocurrencies

On 11 January, Berkshire Hathaway’s Warren Buffett said that he will never invest in cryptocurrencies.

Warren Buffet. Reuters.

Warren Buffet. Reuters.

“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.

Updated Date: Jan 11, 2018 19:22 PM