Billionaire investor Warren Buffett told CNBC on Wednesday that Bitcoin and cryptocurrencies in general won't end well!
His exact words were:
"In terms of Cryptocurrencies generally I can say almost with certainty that they will come to a bad ending."
Then when asked if he is planning to go short on Bitcoin he said:
"No, there is no reason. I get into enough trouble with things I think I know something about, why in the world should I take a long or short position of something I don't know anything about."
WHAT?!?!?
Really?!?!? You can't be serious man!
How can you say that something will fail if you don't know anything about it?!?
Now, Warren Buffett is one of the most successful investors of all time and I fully respect his opinion (actually I respect everyone's opinion) but I have to admit that I can't understand him.
So I can say with almost certainty that he will fail in life! As an investor I mean! :)))
So my friends, what do you think about Warren Buffett and his prediction?
Full article and videos:
https://www.cnbc.com/2018/01/10/buffett-says-cyrptocurrencies-will-almost-certainly-end-badly.html