Buffett Gives Big Thumbs Down to Cryptocurrencies

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).

(Source: Investing TV, January 11, 2018 at 08:25AM)

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