“Bitcoin Will Come to a Bad Ending” Says Warren Buffett
Warren Buffett, CEO of Berkshire Hathaway, said that the firm had no interest in investing in the cryptocurrency, on Wednesday. According to an interview, Buffett told CNBC, “we don’t own any, we’re not short any, we’ll never have a position in them.”
“If I could buy a five-year put on every one of the cryptocurrencies, I’d be glad to do it,” Buffett said, referring to options trades that would profit from price declines.
He said Berkshire Hathaway remained focused on identifying good businesses and investing in them.
The conglomerate announced Wednesday that it was expanding its board, adding Gregory E. Abel and Ajit Jain as directors to boost its size to 14 members.