Legendary entrepreneur, important investor Warren Buffett warned Bitcoin fans that they could face ruinous consequences of cryptocurrency investments.He also supposed that end of the digital economy would be soon.
Buffett, who is also known as “Oracle of Omaha” for his unusual talent for making money, said in his interview to CNBC:
“In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending…When it happens or how or anything else, I don’t know”, – he said.
Chairman and Berkshire Hathaway CEO said that he was not going to short sell:
“We don’t own any, we’re not short any, we’ll never have a position in them…I get into enough trouble with things I think I know something about”.
Buffett made this statement three months after he had called Bitcoin a “bubble” and said that investors wouldn’t be able to assess world’s largest cryptocurrency by market capitalisation because Bitcoin is not honoured by anything.