Warren Buffett: "Cryptocurrencies will end badly"

The US-American investor Warren Buffett took advantage of yesterday's appearance at CNBC to warn against any cryptocurrency. The current hype will not end well, he believes.

Billionaire Warren Buffett was questioned yesterday on the occasion of the change of management of his investment firm Berkshire Hathaway at CNBC . He did not know when the Bubble of Bitcoin & Co. would burst. It could be for a few hours or for a longer period. Buffett does not speculate with his investment firm on falling prices. Also, the question of whether he currently betting with bitcoin futures against crypto currencies, he denied in yesterday's interview.

If it were possible, however, he would like to use long-term option transactions over a period of at least five years to set price declines no matter what crypto currencies. But that can not be done because there are no crypto funds yet. Despite his gloomy prognosis, the investor admitted that he did not know anything about cryptocurrencies. What is happening right now will definitely end in evil, he predicted yesterday.

Buffett's views are volatile too
The investor's assessment is not always set in stone. For many years, he refused to invest in stocks of technology companies. In 2016, he then joined with a share package at Apple. Buffet estimates 134 million Apple shares worth nearly 20 billion euros. Privately, he uses a smartphone of the competitor Samsung. Apple CEO Tim Cook again unsuccessfully tried to sell him an iPhone at Christmas .

It will be seen if Buffett's skepticism about digital currency currencies will persist or one day he will invest in it. There is still a little time left. He turns 88 in August and enjoys the best of health, as he proudly told yesterday.