Get Premium Data for Cyber Monday: Up to 55% Off InvestingProCLAIM SALE

Buffett Gives Big Thumbs Down to Cryptocurrencies

Published 2018-01-11, 07:10 a/m
AAPL
-
IBM
-
BRKa
-
BTC/USD
-

Investing.com - Legendary investor Warren Buffett is about as negative as you can be about Bitcoin and other cryptocurrencies.
Buffett believes "with almost certainty that they will come to a bad end", according to an interview on CNBC.
The chairman and CEO of Berkshire Hathaway (NYSE:BRKa) said he wouldn't even bet against digital currencies by taking a short position. "We'll never have a position in them," he said.
Buffett is famous for his so-called value approach to investing. His company invests mostly in traditional, so-called brick and mortar companies,
He was skeptical about the dot com boom two decades ago.
He has, however, invested in Apple (NASDAQ:AAPL) and IBM (NYSE:IBM).

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.