Warren Buffett Once Predicted A ‘Bad Ending’ For Crypto. Since Then, The Sector’s Market Cap Has Quadrupled, Riding On The Bitcoin, Dogecoin Waves
Veteran Wall Street investor Warren Buffett is known for his unabashed takes on cryptocurrencies and has never shied away from voicing his disapproval in the harshest terms possible.
What happened: Buffett has made Berkshire Hathaway into one of the world’s most valuable corporations through a succession of acquisitions and investments over the years, becoming one of the most followed stock investors globally.
However, cryptocurrency as a financial asset has failed to capture the interest of the “Oracle of Omaha.”
During a January 2018 interview with CNBC, Buffett said he sees little hope for the asset class.
“In terms of cryptocurrencies generally, I can say almost with certainty that they will come to a bad ending,” he argued. “If I could buy a five-year put on every one of the cryptocurrencies, I’d be glad to do it, but I would never short a dime’s …
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