Comment on Warren Buffett Just Ripped Cryptocurrency to Shreds

Warren Buffett Just Ripped Cryptocurrency to Shreds

Warren Buffett does not know when prices for Bitcoin and other cryptocurrencies will crash, but the billionaire investor said “with almost certainty” that things are going to take a turn for the worse. “In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending,” Buffett said during a Wednesday morning interview on CNBC’s “Squawk Box.” Buffett said he had no idea about how or when things would go bad for Bitcoin and other cryptocurrencies, however: “When it happens or how or anything else, I don’t know.” The value of Bitcoin, the most popular of the virtual currencies, has shot from $775 to over $19,000 over the past 12 months, possibly turning hundreds of early investors into billionaires along the way.

 

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