Warren Buffett: Cryptocurrencies will come to bad ending

Image Source: CNBC

”In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending,” CEO of Berkshire Hathaway Inc. Warren Buffett in an interview to CNBC on Wednesday, commenting on the value of Bitcoin.

He added that he doesn’t know how or when the end of cryptocurrencies will happen. In regards to Bitcoin futures, the successful investor stated that “we don’t own any, we’re not short any, we’ll never have a position in them.”

Asked about biggest risks and his company’s insurance rates, he responded that “weapons of mass destruction is a big worry.”

Bitcoin’s value has been going down for four consecutive days, selling for $13,946 at 2:55 pm CET.