Buffett: 'Bitcoin will have a bad end'.

''They will make a bad end" : this is the opinion of the US super-financier Warren Buffett on cryptocurrencies, of which Bitcoin is the best known. The words of the oracle of Omaha, epithet that indicates his acknowledged business acumen (even if it must be said that he also made mistakes), are added to the string of comments that arrive daily from the world of finance on Bitcoin and cryptocurrencies in general, protagonists in recent times of a real rise in prices . For example, just recently, the number one of Jp Morgan, Jamie Dimon, said he regretted having called Bitcoin a "scam" , despite having expressed any lack of interest in cryptocurrencies.
Buffett, on the other hand, seems to be rather interested in going - as they say in technical jargon - "short" on cryptocurrencies , buying financial instruments that allow to bet on a fall in prices, after the recent hangover. "I'd like to buy a put (in fact options downward, ed ) on criptovalute five years," said the oracle of Omaha before adding, referring to his investment company Berkshire Hathaway: "We do not own any cryptocurrency and not do operations short (ie short, bearish ed ) on none "of those in circulation.
The statements of the guru of Omaha have arrived at the microphones of CNBC , on the occasion of the presentation of news at the top of the Berkshire Hathaway, whose board of directors has increased the number of its members from 12 to 14, with the entry of Gregory Abel and Ajit Jain . The two managers are counted among the possible successors of Buffett at the helm of the investment company. "They have Berkshire in their blood. Their entry is part of the succession plan, "said Buffett, born in 1930, who nevertheless made clear that he enjoyed" excellent health " .

Buffett: 'Bitcoin will have a bad end'. And the guru earns at least 37 billion with Trump's tax reform
Carlotta Scozzari 41 MINUTES 20

January 2017, Warren Buffett at the premiere of 'Becoming Warren Buffett' - photo by Jamie McCarthy / Getty Images
According to Warren Buffett the Bitcoin and the cryptocurrencies "will make a bad end"
Two possible successors of Buffett enter the Berkshire Hathaway Board
For Barclays, Berkshire will be among the major beneficiaries of the Trump reform
"They will make a bad end" : this is the opinion of the US super-financier Warren Buffett on cryptocurrencies, of which Bitcoin is the best known. The words of the oracle of Omaha, epithet that indicates his acknowledged business acumen (even if it must be said that he also made mistakes), are added to the string of comments that arrive daily from the world of finance on Bitcoin and cryptocurrencies in general, protagonists in recent times of a real rise in prices . For example, just recently, the number one of Jp Morgan, Jamie Dimon, said he regretted having called Bitcoin a "scam" , despite having expressed any lack of interest in cryptocurrencies.

Bill Gates and Warren Buffett, January 2017 - photos by Spencer Platt / Getty Images
Buffett, on the other hand, seems to be rather interested in going - as they say in technical jargon - "short" on cryptocurrencies , buying financial instruments that allow to bet on a fall in prices, after the recent hangover. "I'd like to buy a put (in fact options downward, ed ) on criptovalute five years," said the oracle of Omaha before adding, referring to his investment company Berkshire Hathaway: "We do not own any cryptocurrency and not do operations short (ie short, bearish ed ) on none "of those in circulation.

Read also: Bitcoin: scam or new Eldorado? All we know about the cryptocurrency that is driving the world crazy

The statements of the guru of Omaha have arrived at the microphones of CNBC , on the occasion of the presentation of news at the top of the Berkshire Hathaway, whose board of directors has increased the number of its members from 12 to 14, with the entry of Gregory Abel and Ajit Jain . The two managers are counted among the possible successors of Buffett at the helm of the investment company. "They have Berkshire in their blood. Their entry is part of the succession plan, "said Buffett, born in 1930, who nevertheless made clear that he enjoyed" excellent health " .

WASHINGTON, April 5, 2017: US President Donald Trump at the White House - photo by Mark Wilson / Getty Images
New at the top and cryptocurrencies aside, the Berkshire Hathaway, which among other things owns the insurance group Geico, is preparing to take advantage of the tax reform initiated by US President Donald Trump . Barclays analysts wrote it in a recent investment firm study : "We expect Berkshire to be among the major beneficiaries of the corporate tax reform in the insurance sector."

Barclays, in particular, estimates that in the fourth quarter the equity of the investment company may grow by as much as $ 37 billion thanks to a reduction in liabilities related to deferred taxes , ie the so-called deferred tax liability (dtl). "In addition - they add from Barclays - we expect the company's ability to realize profits to grow in 2018 and even more than about 12% thanks to the lower tax burden on companies" deriving from the Trump reform. If it were indeed so, there would be enough to shrug at the Bitcoin.

Source: it.businessinsider.com