Buffett 'will never invest in crypto-currencies'

Berkshire Hathaway CEO Warren Buffett.
Read time 40sec
Berkshire Hathaway CEO Warren Buffett.

Berkshire Hathaway's Warren Buffett said yesterday he will never invest in crypto-currencies. "I can say almost with certainty that crypto-currencies 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 creating a divide on Wall Street about whether it is a legitimate financial instrument.

Bitcoin was down around 3% at $13 981.53 yesterday.

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