Warren Buffett said he's no fan of cryptocurrencies like Bitcoin and is confident that the run up in their value is fleeting
Warren Buffett said he’s no fan of cryptocurrencies like Bitcoin and is confident that the run up in their value is fleeting.
“In terms of cryptocurrencies, generally, I can say almost with certainty that they will come to a bad ending,” Buffett said in an interview on CNBC on Wednesday. “Now when it happens, or how or anything else, I don’t know. But I know this: 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 worth.”
When you have that much old money, new money doesn't concern you. But when new money threatens your own income, it is natural to despise it
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yeah...Exactly true..!
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