Warren Buffer isn’t yet a believer in cryptocurrency world and doesn’t appear to have invested anything after his comment on CNBC. He told the financial news TV network that there would be a terrible downfall in the cryptocurrencies:
Warren buffet said, “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.”
Warren expected a price decline in the next five years if he was able to.
Warren Buffet clarified whether his company owned any Bitcoin futures or plans on owning bitcoins to which he responded by saying “never have a position in them.”
Many of the world’s top financial experts and billionaires have stated that there isn’t a future for cryptocurrency has they do have an actual value. The experts have stated that mere speculation and expectations of profits have given it an artificial rise.
Warren Buffett image via Shutterstock
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.