Warren Buffett says cryptocurrencies certain to come to a 'bad ending'

in #crypto6 years ago

Warren Buffett said he's no fan of cryptocurrencies like Bitcoin and is confident that the run up in their value is fleeting

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Warren Buffett said he’s no fan of cryptocurrencies like Bitcoin and is confident that the run up in their value is fleeting.

“In terms of cryptocurrencies, generally, I can say almost with certainty that they will come to a bad ending,” Buffett said in an interview on CNBC on Wednesday. “Now when it happens, or how or anything else, I don’t know. But I know this: If I could buy a five year put on every one of the cryptocurrencies, I’d be glad to do it but I would never short a dime’s worth.”

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When you have that much old money, new money doesn't concern you. But when new money threatens your own income, it is natural to despise it

yeah...Exactly true..!

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