I would buy a five-year put option on each cryptocurrency - Warren Buffett Warren Buffett returned to criticism of Bitcoin this Wednesday. In a conversation with CNBC, the legendary investor said that he is almost sure that the cryptocurrency fever will "end badly" and the growth of the cryptocurrency market will not last long.

I would buy a five-year put option for each of the cryptocurrencies - Warren Buffett

Warren Buffett returns to criticize Bitcoin in this Wednesday. In a conversation with CNBC, the legendary investor said that he is almost sure that the cryptocurrency fever will "end badly" and the growth of the cryptocurrency market will not last long..

Buffett admitted that he knew nothing about digital currencies. At the same time, he would willingly take an option to sell each of the cryptocurrencies for 5 years.

“As far as cryptocurrencies are concerned, I can say with almost complete certainty that they will have a sad ending,” Buffett said..

“When this will happen or how, I don't know,” he added. "But I know something else: if I could buy a five-year put option on each cryptocurrency, I would gladly do it, but I won't bet a dime on it.".

Explaining why he was not interested in the opportunity, Buffett said that he was used to working with things, oh which he at least something is known.

“I have enough trouble with things that I think I know something about,” said Buffett. "Why on earth would I go long or short on something that I don't know anything about?"

It is noteworthy that Buffett gave his comment shortly after after, how James Dimon, another notable Bitcoin critic, said he regretted criticizing cryptocurrency in the past.

Similar articles

• Bitcoin price reached $ 3550 and renewed its all-time high. The weighted average price of bitcoin on world exchanges today reached $ 3550, according to the CoinDesk bitcoin price index. Thus, the leading cryptocurrency has renewed its all-time high.

  Course bitcoin has reached the mark $3550 and updated historical maximum Weighted average bitcoin price on world exchanges today reached the mark $ 3550,...

• Kazakhstan is going to launch a fiat-backed cryptocurrency Astana International Financial Center (AIFC) and EXANTE investment company announced an agreement under which EXANTE will launch the Stasis platform, on which a new digital asset backed by fiat will be issued. Writes about this Finance Magnates.

  Kazakhstan is going run a secured fiat cryptocurrency International Finance center Astana (AIFC) and investment company EXANTE announced about...

• Cryptocurrencies included in the article of the Criminal Code of the Russian Federation on money laundering As explained by the plenum of the Supreme Court of Russia on Tuesday, February 26, the cashing of cryptocurrencies falls under the provisions of the article of the Criminal Code of the Russian Federation on money laundering, writes TASS.

  Cryptocurrencies included in article of the Criminal Code of the Russian Federation on laundering money As explained plenum of the Supreme ships Russia on Tuesday, 26 february, cashing cryptocurrencies...