Warren Buffett says bitcoin 'definitely will come to a bad ending'
Dimitrios Kambouris/Getty Images
- "What's going on definitely will come to a bad ending," said Warren Buffett, Berkshire Hathaway's CEO, on cryptocurrencies.
- Buffett told CNBC the firm will never have a position in cryptocurrencies.
Berkshire Hathaway CEO Warren Buffett said Wednesday that the firm had no interest in jumping on the cryptocurrency bandwagon.
"We don't own any, we're not short any, we'll never have a position in them," Buffett said in an interview on CNBC.
"If I could buy a five-year put on every one of the cryptocurrencies, I'd be glad to do it," Buffett said, referring to options trades that would profit from price declines.
He said Berkshire Hathaway remained focused on identifying good businesses and investing in them.
The conglomerate announced Wednesday that it was expanding its board, adding Gregory E. Abel and Ajit Jain as directors to boost its size to 14 members.
Buffett and Charlie Munger, Berkshire Hathaway's vice chairman, will keep their positions on the board.
Get the latest Bitcoin price here.>>
The Bitcoin 101 Report by the BI Intelligence Research Team.
Get the Report Now »
- Wild video shows Florida police officers wrangling a huge alligator in the middle of the street
- Elon Musk and more than 1,000 people sign an open letter calling for a pause on training AI systems more powerful than GPT-4
- What is an indictment? What it means for someone to be indicted by a grand jury and why Trump was charged
- White House refuses to pay for Twitter's Blue verification: Report
- Italy bans ChatGPT, orders investigation over privacy breach
- IISc researchers design tiny supercapacitor capable of storing large amount of electric charge
- India exported military hardware worth ₹15,920 crore in 2022-23: Rajnath
- From Citadel to Ponniyin Selvan 2: a look at the shows & movies releasing in April