Warren Buffett: Bitcoin, other cryptocurrencies ‘will come to a bad ending’

You can add Warren Buffett’s name to the bitcoin community’s enemies list.

Speaking in an interview with CNBC on Wednesday, the billionaire investor warned that the cryptocurrency bonanza “will end badly,” despite conceding that he is unaware of what cryptocurrencies actually are.

“In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending,” he said. “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.”

The Berkshire Hathaway chairman and CEO further explained that he would not take a long or short position because he doesn’t know too much about the world of cryptocurrencies.

“I get into enough trouble with things I think I know something about,” Buffett said. “Why in the world should I take a long or short position in something I don’t know anything about.”

Now that JPMorgan CEO Jamie Dimon has repented and may be forgiven for his past digital currency sins (SEE: Jamie Dimon ‘regrets’ making negative bitcoin comments), the bitcoin community may have a new target to concentrate on: Warren Buffett.

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