Veteran Wall Street investor Warren Buffett is known for his unabashed takes on cryptocurrencies and has never shied away from voicing his disapproval in the harshest terms possible.
What happened: Buffett has made Berkshire Hathaway into one of the world’s most valuable corporations through a succession of acquisitions and investments over the years, becoming one of the most followed stock investors globally.
However, cryptocurrency as a financial asset has failed to capture the interest of the “Oracle of Omaha.”
During a January 2018 interview with CNBC, Buffett said he sees little hope for the asset class.
“In terms of cryptocurrencies generally, I can say almost with certainty that they will come to a bad ending,” he argued. “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 …
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