Warren Buffett Predicts a 'Bad End' for Bitcoin

  • Warren Buffett Predicts a Bad End for Bitcoin

KYIV (FNI) - According to the the American holding company Berkshire Hathaway CEO Warren Buffett, the general takeover of cryptocurrency may end up bad.


“As for the crypto currencies, I can say almost with complete certainty that it will have a bad end,” Buffett said for CNBC.


What exactly will happen and when, Buffett does not know. However, he says that if he could buy a five-year put-option for each cryptocurrency, he would gladly do it, but would never put a cent in short positions.


“We do not have them, we will not shorten and never open positions,” - Buffett added, referring specifically to the futures on bitcoins, which began to be traded in December by CME Group and Cboe Global Markets in Chicago Stock Exchange.


He also added that he is not going to buy any. 

According to the media, Telegram plans to launch its own blockchain platform and cryptocurrency.