Billionaire Buffett says he will never invest in cryptocurrencies such as Bitcoin

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Jan 10 (Reuters) – Berkshire Hathaway’s Warren
Buffett said on Wednesday he will never invest in
cryptocurrencies.

“I can say almost with certainty that cryptocurrencies will
come to a bad end,” Buffett told CNBC in an interview.

Buffett’s comments come a day after JPMorgan & Chase
Chief Executive Jamie Dimon said he regrets calling bitcoin a
fraud, referring to comments he made at a banking conference in
September.

Bitcoin has taken the investing world by storm,
surging to a high of more than $19,000 and created a divide on
Wall Street about whether it is a legitimate financial
instrument.

Bitcoin was down around 3 percent at $13,981.53.
(Reporting By Aparajita Saxena in Bengaluru; Editing by
Saumyadeb Chakrabarty)