Bitcoin and other cryptocurrencies will ‘come to bad ending’ says Warren Buffett

Warren Buffett has predicted a “bad ending” for cryptocurrencies.

Speaking on CNBC’s ‘Squawk Box’ program today the billionaire said he doesn’t own a single bitcoin and has no plans of investing in it.

“In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending. When it happens or how or anything else, I don’t know."

Russia Today have described Buffett’s position as the latest in a chorus of other prominent investors who have publically doubted the bright future of cryptocurrencies.

The bitcoin price stopped at $13,907 on Wednesday. The digital currency has gone up 1,500 percent over the last 12 months, reaching a record price of over $17,500 in mid-December.

Related Articles

US billionaire Warren Buffett warns Bitcoin is heading for ’bad ending’

Bitcoin takes a tumble as south Korea cracks down on cryptocurrency trading

Just how safe is Bitcoin?

Establishment slowly coming to terms with borderless currencies

More in this Section

Free trade pledge at G20 summit

Irish startup makes same-day delivery a retail reality

Central Bank vacancies ‘concerning’

Kerry company aims to take a bigger bite of snack market with protein bars

Today's Stories

Tariff backlash a big worry for Irish businesses

Imbalance in economy still a concern

Hockey: Bandon bidding to complete first leg of treble

Kieran Bermingham: Na Piarsaigh give every game ‘best shot’


The biggest cancer killer will take your breath away

Hopefully she had an idea...

Power of the press: Meryl Streep and Tom Hanks discuss 'The Post'

More From The Irish Examiner