Warren Buffett talks to reporters as he tours the exhibit hall during the Berkshire Hathaway Annual Shareholders Meeting at the CenturyLink Center in Omaha, Nebraska, April 30, 2016. Reuters / Ryan Henriksen
Berkshire Hathaway’s Warren Buffett said on Wednesday he will never invest in cryptocurrencies.
“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.
(Reporting By Aparajita Saxena in Bengaluru; Editing by Saumyadeb Chakrabarty)
